Resource type
Date created
2013-08
Authors/Contributors
Author: Chen, Siheng
Author: Liu, Shuai
Abstract
This study focuses on the determinants of cash holdings in the period of 2003-2012 for Chinese manufacturing industry and how Chinese firms manage cash holdings. In general, when firms are more financially constrained, they are more likely to hold more cash. According to our investigation, firms with lower leverage, less net working capital (NWC), and lower capital expenditures, are more likely to increase cash holdings. In addition, China has different economic environment from developed countries, most of manufacturing firms are state owned; thus, the government policies influence the motivations of firms.
Document
Description
MSc in Finance Project - Simon Fraser University
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
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CORPORATE CASH HOLDINGS_Penney Chen_Sabrina Liu.pdf | 679.12 KB |