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Title: | Cash holding, state ownership and firm value: The case of Vietnam |
Author: | Do, Thi Thanh Nhan; Pham, Ha |
Document type: | Peer-reviewed article (English) |
Source document: | International Journal of Economics and Financial Issues. 2016, vol. 6, issue 6Special Issue, p. 110-114 |
ISSN: | 2146-4138 (Sherpa/RoMEO, JCR) |
Abstract: | Using a sample of 650 listed firms on the Vietnamese stock exchange over the period 2008-2015, we examine the effect of cash holding level on firm value. The results find out the cash holding has an impact on firm value in an inverted U-shaped form. Furthermore, this study investigates whether the state ownership influences firm value. We point out that there is a statistically insignificant positive relationship between state ownership and firm value unless the state ownership’s advantages are utilized. The findings have implications of cash management in state-owned firms. © 2016, Econjournals. All rights reserved. |
Full text: | http://www.econjournals.com/index.php/ijefi/article/view/3126 |
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