The purpose of this paper is to investigate the asymmetric adjustment of cash holdings in Pakistani firms for above and below target firms. The study employs generalized method of moments GMM to investigate the adjustment of cash holdings. The study found that the firms which hold cash above the optimal level of cash holdings have higher speed of adjustment than the firms which hold cash below the optimal level. Financially constrained FC firms also adjust their cash holdings faster than financially unconstrained FUC firms but high speed of downward adjustment does not remain persistent after financial constraints are controlled.
Should Investors Be Stashing Cash Right Now?
Cash holdings, capital structure and financial flexibility - Nottingham ePrints
Chua, Shen Hwee Cash holdings, capital structure and financial flexibility. PhD thesis, University of Nottingham. Financial flexibility is the most important practical determinant to managers when they make financing decisions. This missing link, financial flexibility, is identified by practitioners and used in this thesis to fill the missing gap between theory and practice in corporate finance.
Corporate cash holdings: Determinants and implications from Vietnamese market
Many investors are gleefully saying goodbye to , one of the most challenging years in history, and looking ahead optimistically toward President-elect Joe Biden will take office on Jan. Preparing your finances for the year ahead is one of the smartest things you can do right now, especially since there's no guaranteed timeline for the U. That means looking at your investments and your goals, and establishing stability for your financial life. And one of the most important sources of that stability in times of turbulence is a supply of good, hard cash.
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