文章基本信息

标题：The role of cash holdings during Covid-19 pandemic: Evidence from corporate risk-taking behavior of non-financial listed firms in Vietnam
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作者：Vinh Hoang Le ; Minh Hoang Nguyen
期刊名称：Journal of Eastern European and Central Asian Research
印刷版ISSN：2328-8272
电子版ISSN：2328-8280
出版年度：2022
卷号：9
期号：3
页码：462-470
DOI：10.15549/jeecar.v9i3.849
语种：English
出版社：IEECA
摘要：Vietnam has faced the long-lasting COVID-19 outbreak, which has imposed a negative impact on corporate activities, since 2020. This study aims to examine how the COVID-19 outbreak has influenced the risk-taking behavior of companies in Vietnam, investigating this relationship with the moderating role of cash holdings. We used the research data of non-financial listed firms in Vietnam during the period from quarter 1 2018 to quarter 2 2021. According to the Generalized Method of Moments approach, the study concludes that the COVID-19 pandemic period is negatively associated with corporate risk-taking behavior. In addition, there is a significant increase in the level of risk-taking behavior during the COVID-19 pandemic period by enterprises that have more cash holdings.
关键词：COVID-19;Risk-taking behavior;Non-financial firms