UNDERSTANDING CASH HOLDING DETERMINANTS IN THE CONSTRUCTION INDUSTRY:INSIGHTS FROM LISTED COMPANIES IN VIETNAM
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63569998" target="_blank" >RIV/70883521:28120/23:63569998 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.7441/dokbat.2023.19" target="_blank" >http://dx.doi.org/10.7441/dokbat.2023.19</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7441/dokbat.2023.19" target="_blank" >10.7441/dokbat.2023.19</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
UNDERSTANDING CASH HOLDING DETERMINANTS IN THE CONSTRUCTION INDUSTRY:INSIGHTS FROM LISTED COMPANIES IN VIETNAM
Popis výsledku v původním jazyce
The analysis uses information from 153 businesses in the construction sector that were listed between 2010 and 2020 on the Ho Chi Minh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The study investigates the variables influencing cash oldings in Vietnamese construction firms using OLS, FEM, REM, and FGLS methodologies. According to the study's findings, macroeconomic issues have less of an impact on a company's cash holding ratio than internal ones. Particularly, business size has an adverse relationship with cash holdings since capital raising for large organizations is frequently simpler than for small companies. The company's cash is mostly used for ongoing operations, including making loan payments, paying employees' wages, buying supplies, etc. However, keeping cash at a low level might quickly result in a loss of liquidity, especially in some unique economic circumstances, if the firm relies on a huge scale without taking the holding ratio into account. Additionally, there is a strong positive correlation between profitability and the cash holding ratio that significantly affects this ratio. Construction businesses frequently use retained earnings from one period to fund their current activities. In order to increase the caliber of their work, construction businesses might invest in new projects, train skilled labor, and purchase tools and equipment. Overall, this study provides important insights into cash holdings in Vietnam's construction industry, with an emphasis on internal factors and macroeconomic conditions in maintaining financialstability and industry growth.
Název v anglickém jazyce
UNDERSTANDING CASH HOLDING DETERMINANTS IN THE CONSTRUCTION INDUSTRY:INSIGHTS FROM LISTED COMPANIES IN VIETNAM
Popis výsledku anglicky
The analysis uses information from 153 businesses in the construction sector that were listed between 2010 and 2020 on the Ho Chi Minh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX). The study investigates the variables influencing cash oldings in Vietnamese construction firms using OLS, FEM, REM, and FGLS methodologies. According to the study's findings, macroeconomic issues have less of an impact on a company's cash holding ratio than internal ones. Particularly, business size has an adverse relationship with cash holdings since capital raising for large organizations is frequently simpler than for small companies. The company's cash is mostly used for ongoing operations, including making loan payments, paying employees' wages, buying supplies, etc. However, keeping cash at a low level might quickly result in a loss of liquidity, especially in some unique economic circumstances, if the firm relies on a huge scale without taking the holding ratio into account. Additionally, there is a strong positive correlation between profitability and the cash holding ratio that significantly affects this ratio. Construction businesses frequently use retained earnings from one period to fund their current activities. In order to increase the caliber of their work, construction businesses might invest in new projects, train skilled labor, and purchase tools and equipment. Overall, this study provides important insights into cash holdings in Vietnam's construction industry, with an emphasis on internal factors and macroeconomic conditions in maintaining financialstability and industry growth.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50206 - Finance
Návaznosti výsledku
Projekt
—
Návaznosti
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Ostatní
Rok uplatnění
2023
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
19th International Bata Conference for Ph.D. Students and Young Researcher
ISBN
978-80-7678-194-8
ISSN
—
e-ISSN
—
Počet stran výsledku
14
Strana od-do
251-264
Název nakladatele
Fakulta managementu a ekonomiky, UTB ve Zlíně
Místo vydání
Zlín
Místo konání akce
Zlín
Datum konání akce
13. 9. 2023
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
—