scholarly journals Empirical analysis of debt maturity, cash holdings and firm investment in developing economies

2021 ◽  
Author(s):  
Matthias Nnadi ◽  
Vachiraporn Surichamorn ◽  
Ranadeva Jayasekera ◽  
Yacine Belghitar
Keyword(s):  
Empirical Analysis ◽  
Developing Economies ◽  
Cash Holdings ◽  
Debt Maturity ◽  
Firm Investment

scholarly journals Pengaruh Kepemilikan Asing , Leverage, Cash Holdings Dan Debt Maturity Terhadap Kinerja Keuangan Perusahaan

2020 ◽  
Vol 2 (3) ◽  
pp. 2893-2911
Author(s):  
Murti Sari Dewi ◽  
Erly Mulyani
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Sampling Method ◽  
Stock Exchange ◽  
Cash Holdings ◽  
Secondary Data ◽  
Foreign Ownership ◽  
Debt Maturity ◽  
Panel Regression ◽  
Cash Holding

This study aims to examine the effect of foreign ownership, leverage, cash holding and debt maturity on financial performance in property and real estate companies listed on the Indonesia stock exchange (idx) in the period 2014-2018. This study is categorized as causative research. The population in this study are property and real estate companies listed on the Indonesia stock exchange (idx) in the period 2014-2018. By using purposive sampling method, there were 24 companies as the research’s sample. The type of data used is secondary data and used is panel regression analysis. The results of this study indicate that foreign ownership, cash holding and debt maturity has no significant effect on financial performance, only leverage has significant effect on financial performance

scholarly journals Optimal Debt Maturity and Firm Investment

2020 ◽  
Author(s):  
Joachim Jungherr ◽  
Immo Schott
Keyword(s):  
Debt Maturity ◽  
Firm Investment

scholarly journals A Study of a Causality Relationship between Firm Investment and Cash Holdings: An Empirical Validation from French, Germany and Italy

2017 ◽  
Vol 7 (1) ◽  
pp. 308
Author(s):  
Ben Said Hatem
Keyword(s):  
Growth Rate ◽  
Cash Holdings ◽  
Empirical Validation ◽  
Firm Age ◽  
Firm Investment ◽  
Control Variables ◽  
Fixed Assets ◽  
Causality Relationship

This paper tests the causality interdependence between firm investment and cash holdings. Our study analyzes three countries: French, Germany and Italy. The samples contain 84 firms for each country over a period of 8 years from 2003 to 2010. Cash is measured, alternatively by two ratios; cash and cash equivalents over total assets, and quick ratio approximated by cash and cash equivalents over current liabilities. Firm investment is approximated by tangible fixed assets growth rate and total assets growth rate. As control variables: profitability, leverage, size and firm age. Using a data panels method, the causality relationship is not checked for all countries. However, for French and Italy markets, we conclude to a causality relationship for the service and agriculture and mining sectors, respectively.

scholarly journals Factors Explaining Firm Investment: An International Comparison

2016 ◽  
Vol 9 (3) ◽  
pp. 112
Author(s):  
Ben Said Hatem
Keyword(s):  
Sensitivity Analysis ◽  
Real Estate ◽  
Investment Decision ◽  
Cash Holdings ◽  
The Other ◽  
Firm Investment ◽  
Firm Investments ◽  
Two Sectors ◽  
Positive Effect ◽  
Two Alternatives

<p>This paper examines the determinants of firm investment decision. Our study analysed four countries: Moldova, Romania, Russia and Serbia. The sample contains 170 firms for each country for a period of 8 years from 2003 to 2010. Using the data panels method, the empirical results indicate that profitability positively and significantly influences the firm investments for the markets of Moldova and Romania under two alternatives, and for the other countries under one specification. However, the positive effect of cash holdings is only observed for the firms of Moldova and Serbia. Furthermore, the higher the size of the firms of all countries is, the more the managers are encouraged to invest more. Finally, the sensitivity analysis of our models on activity sectors, shows differences in the factors explaining the investment decision for the market of Moldova. Indeed, profitability significantly and positively explains firm investment for the service and real estate sectors. This result is found for other countries for two sectors. In contrast, for country Russia, an increase in the profitability for mining and agriculture firms, does not stimulate managers to invest more.</p>

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