文章基本信息

标题：The effect of cash holdings on firm performance: Evidence from Vietnam listed firms
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作者：Thu-Trang Thi Doan
期刊名称：Accounting
印刷版ISSN：2369-7393
电子版ISSN：2369-7407
出版年度：2020
卷号：6
期号：5
页码：721-726
DOI：10.5267/j.ac.2020.6.012
出版社：Growing Science
摘要：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.
关键词：Cash holdings; Firm performance; GMM; Regression; Vietnam