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Please use this identifier to cite or link to this item: https://digital.lib.ueh.edu.vn/handle/UEH/56579
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dc.contributor.authorThi Lien Hoa Nguyen-
dc.contributor.otherLe Ngan Trang Nguyen-
dc.contributor.otherThi Phuong Vy Le-
dc.date.accessioned2017-12-20T09:26:45Z-
dc.date.available2017-12-20T09:26:45Z-
dc.date.issued2016-
dc.identifier.urihttp://onlinelibrary.wiley.com/doi/10.1111/1467-8454.12082/abstract-
dc.identifier.urihttp://digital.lib.ueh.edu.vn/handle/UEH/56579-
dc.description.abstractThis paper investigates the nonlinear relationship between firm value and corporate cash holdings in a sample of non-financial Vietnamese firms from 2008 to 2013. We focus on both static and dynamic regressions to test for a nonlinear relationship. Our results reveal an ‘inverse U-shape’ relationship between firm value and cash holdings, which is in line with trade-off theory. Specially, we further test whether the optimal cash level changes under different financial conditions. In turn, this paper shows evidence of a nonlinear relationship between firm value and cash holdings under different financial circumstances and that each type of firm will adjust its optimal cash level based on business conditions.en
dc.formatPortable Document Format (PDF)-
dc.language.isoeng-
dc.relation.ispartofProceedings of 2016 International Conference on Asia-Pacific Economic and Financial Development Asia Financial Markets, 24-26/7/2016-
dc.subjectnot availableen
dc.titleFirm value, corporate cash holdings and financial constraint: a study from a developing marketen
dc.typeConference Paperen
dc.identifier.doihttps://doi.org/10.1111/1467-8454.12082-
dc.format.firstpage368-
dc.format.lastpage385-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.openairetypeConference Paper-
item.cerifentitytypePublications-
item.fulltextOnly abstracts-
item.languageiso639-1en-
Appears in Collections:Conference Papers
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