Do Thi Thanh Nhan, Pham Ha

75110

Cash Holding, State Ownership and Firm Value: The Case of Vietnam

Cash Holding, State Ownership and Firm Value: The Case of Vietnam

Using a sample of 650 listed firms on the Vietnamese stock exchange over the period 2008 to 2015, we examine the effect of cash holding level on firm value. The results find out the cash holding has an impact on firm value in an inverted U-shaped form. Furthermore, this study investigates whether the state ownership influences firm value. We point out that there is a statistically insignificant positive relationship between state ownership and firm value unless the state ownership’s advantages are utilized. The findings have implications of cash management in state-owned firms.

Keywords:

Cash holding, firm value state ownership, Vietnamese corporations,

International Journal of Economics and Financial Issues-Cover

Başlangıç: 2011
Yayıncı: İlhan ÖZTÜRK

Arşiv

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