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Date Published: 10/02/2017
Online Published: 08/07/2023
Abstract Views: 140
Views PDF: 1179
DOI: https://doi.org/10.52714/dthu.24.2.2017.431
Issue
No. 24 (2017): Part A - Social Sciences and Humanities
Section
Social Sciences and Humanities Issue
How to Cite
Pham, T. T. (2023). The determinants of cash holding rate by firms listed on Ho Chi Minh City Stock Exchange. Dong Thap University Journal of Science, 24, 41-47. https://doi.org/10.52714/dthu.24.2.2017.431

The determinants of cash holding rate by firms listed on Ho Chi Minh City Stock Exchange

Thanh Tu Pham1,
1 CJ Vina Food Co., Ltd

Main Article Content

Abstract

This research aims at identifying the factors affecting cash holding rate by firms listed on Ho Chi Minh City Stock Exchange. The data were collected from 237 firms during 2011-2013. The SPSS 20.0 software was used to treat the collected data. The study results showed that factors affecting cash holding rate include: firm size, net working capital, cash flow, leverage,  returns on total assets, firm age and governmental ownership. The average of cash holding rate by the listed firms is 13%.

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Keywords

Cash holdings, trade-off model, pecking-order theory, free cash flow theory.

References

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