Determinants of Cash Holdings in Developed and Developing Countries
This paper aims to find out the determinants of amount of cash holdings in developed and developing countries. One of the reason is because majority of studies that exist only focus on developed countries such as US or UK. Therefore, it is important to study cash holdings in the context of developin...
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| Format: | Article |
| Language: | English |
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Universitas Negeri Semarang
2018-06-01
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| Series: | Jurnal Dinamika Manajemen |
| Subjects: | |
| Online Access: | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14647 |
| _version_ | 1819124021880422400 |
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| author | Ascariena Rafinda |
| author_facet | Ascariena Rafinda |
| author_sort | Ascariena Rafinda |
| collection | DOAJ |
| description | This paper aims to find out the determinants of amount of cash holdings in developed and developing countries. One of the reason is because majority of studies that exist only focus on developed countries such as US or UK. Therefore, it is important to study cash holdings in the context of developing countries as well. Samples are drawn from DataStream Database using a sample period between 2009-2014 by including recent output with firm selection criterion based on data availability of firms (Al-Najjar, 2013), whereas financial firms with SIC codes 6000-6799 were not included as well as utility firms with SIC codes 4000-4999, resulting in total sample of 5402 observations from 23 countries. EViews was employed for the regression analysis with amount of cash holdings as the dependent variable. The results show that most of the hypotheses are not confirmed because of insignificant results and/or unexpected signs of coefficients. As the research about cash holdings in developing countries is not extensive yet, it is possible that there are differences to be found between developed and developing countries. |
| first_indexed | 2024-12-22T07:17:38Z |
| format | Article |
| id | doaj.art-2822b3ae451b426fa62b0939e9c500ad |
| institution | Directory Open Access Journal |
| issn | 2086-0668 2337-5434 |
| language | English |
| last_indexed | 2024-12-22T07:17:38Z |
| publishDate | 2018-06-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | Jurnal Dinamika Manajemen |
| spelling | doaj.art-2822b3ae451b426fa62b0939e9c500ad2022-12-21T18:34:22ZengUniversitas Negeri SemarangJurnal Dinamika Manajemen2086-06682337-54342018-06-019111110.15294/jdm.v9i1.146477475Determinants of Cash Holdings in Developed and Developing CountriesAscariena Rafinda0University of GroningenThis paper aims to find out the determinants of amount of cash holdings in developed and developing countries. One of the reason is because majority of studies that exist only focus on developed countries such as US or UK. Therefore, it is important to study cash holdings in the context of developing countries as well. Samples are drawn from DataStream Database using a sample period between 2009-2014 by including recent output with firm selection criterion based on data availability of firms (Al-Najjar, 2013), whereas financial firms with SIC codes 6000-6799 were not included as well as utility firms with SIC codes 4000-4999, resulting in total sample of 5402 observations from 23 countries. EViews was employed for the regression analysis with amount of cash holdings as the dependent variable. The results show that most of the hypotheses are not confirmed because of insignificant results and/or unexpected signs of coefficients. As the research about cash holdings in developing countries is not extensive yet, it is possible that there are differences to be found between developed and developing countries.https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14647cash holdingsdeveloped countriesdeveloping countries. |
| spellingShingle | Ascariena Rafinda Determinants of Cash Holdings in Developed and Developing Countries Jurnal Dinamika Manajemen cash holdings developed countries developing countries. |
| title | Determinants of Cash Holdings in Developed and Developing Countries |
| title_full | Determinants of Cash Holdings in Developed and Developing Countries |
| title_fullStr | Determinants of Cash Holdings in Developed and Developing Countries |
| title_full_unstemmed | Determinants of Cash Holdings in Developed and Developing Countries |
| title_short | Determinants of Cash Holdings in Developed and Developing Countries |
| title_sort | determinants of cash holdings in developed and developing countries |
| topic | cash holdings developed countries developing countries. |
| url | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/14647 |
| work_keys_str_mv | AT ascarienarafinda determinantsofcashholdingsindevelopedanddevelopingcountries |