The Determinants of Corporate Cash Holdings
(2009)Department of Business Administration
- Abstract
- Despite some recent studies conducted on corporate cash holdings, most of the empirical work done focuses on the US market. Since the Anglo-American regulatory approach is quite different from both the German and the Swedish systems, empirical findings on one market cannot simply be applied to other markets. By applying a detailed empirical study to two distinct countries, different corporate governance approaches and their impact on cash holdings can be analyzed. Moreover, by looking at firm-specific variables this study employs different financial theories in order to test which approach is more significant in determining the amount of cash held by a company. The underlying research questions are: What the determinants, both... (More)
- Despite some recent studies conducted on corporate cash holdings, most of the empirical work done focuses on the US market. Since the Anglo-American regulatory approach is quite different from both the German and the Swedish systems, empirical findings on one market cannot simply be applied to other markets. By applying a detailed empirical study to two distinct countries, different corporate governance approaches and their impact on cash holdings can be analyzed. Moreover, by looking at firm-specific variables this study employs different financial theories in order to test which approach is more significant in determining the amount of cash held by a company. The underlying research questions are: What the determinants, both firm-specific and on a regulatory level, that drive firms to hold a certain amount of cash on their balance sheet? Furthermore, is there a difference between Swedish and German companies? (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1437717
- author
- Prenker, Tomas and Kück, Jens
- supervisor
- organization
- year
- 2009
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- fixed effects, investor protection, corporate governance, Corporate cash holdings, panel data, Management of enterprises, Företagsledning, management
- language
- Swedish
- id
- 1437717
- date added to LUP
- 2009-06-03 00:00:00
- date last changed
- 2012-04-02 17:25:19
@misc{1437717,
abstract = {{Despite some recent studies conducted on corporate cash holdings, most of the empirical work done focuses on the US market. Since the Anglo-American regulatory approach is quite different from both the German and the Swedish systems, empirical findings on one market cannot simply be applied to other markets. By applying a detailed empirical study to two distinct countries, different corporate governance approaches and their impact on cash holdings can be analyzed. Moreover, by looking at firm-specific variables this study employs different financial theories in order to test which approach is more significant in determining the amount of cash held by a company. The underlying research questions are: What the determinants, both firm-specific and on a regulatory level, that drive firms to hold a certain amount of cash on their balance sheet? Furthermore, is there a difference between Swedish and German companies?}},
author = {{Prenker, Tomas and Kück, Jens}},
language = {{swe}},
note = {{Student Paper}},
title = {{The Determinants of Corporate Cash Holdings}},
year = {{2009}},
}