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Growing Science » Accounting » The effect of cash holdings on firm performance: Evidence from Vietnam listed firms

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Accounting

ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 6 Issue 5 pp. 721-726 , 2020

The effect of cash holdings on firm performance: Evidence from Vietnam listed firms Pages 721-726 Right click to download the paper Download PDF

Authors: Thu-Trang Thi Doan

doi 10.5267/j.ac.2020.6.012
Crossmark

Keywords: Cash holdings, Firm performance, GMM, Regression, Vietnam

Abstract: The article examines the impacts of cash holding ratio on the performance of firms listed in Vietnam for the period of 2008-2018. The author finds that the proportion of cash holding had a positive impact on the firm performance. The study also shows the impacts of financial leverage, the ratio of tangible assets, firm size, and sales growth on the firm performance. In addition, this is the first study in Vietnam to find a positive and statistically significant impact of state ownership on the firm performance. Thus, the firm performance can be achieved by the effective state capital management. The results of this study provide a reliable basis for financial managers to make appropriate cash holding decisions to improve the firm performance.

How to cite this paper

Doan, T. (2020). The effect of cash holdings on firm performance: Evidence from Vietnam listed firms.Accounting, 6(5), 721-726.

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Journal: Accounting | Year: 2020 | Volume: 6 | Issue: 5 | Views: 4730 | Reviews: 0

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