资产再配置和公司现金持有量

IF 1.9 Q2 BUSINESS, FINANCE

Managerial Finance Pub Date : 2023-11-14 DOI:10.1108/mf-01-2023-0060

Wray Bradley, Li Sun

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引用次数: 0

摘要

本研究的目的是探讨资产再配置对企业现金持有量水平的影响。设计/方法/方法作者使用回归分析来检验资产可再配置性与企业现金持有量之间的关系。通过对1990年至2020年美国上市公司的大型面板样本分析，作者发现资产可再配置性与现金之间存在显著的正相关关系，这表明拥有更多可再配置资产的公司持有更多现金。原创性/价值作者为会计和金融领域越来越多的文献做出了贡献，这些文献调查了资产可重新部署对公司特征的影响，也为现金持有决定因素的文献做出了贡献。

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Asset redeployability and corporate cash holdings

Purpose The purpose of the study is to investigate the impact of asset redeployability on the level of corporate cash holdings. Design/methodology/approach The authors use regression analysis to examine the relation between asset redeployability and corporate cash holdings. Findings Using a large panel sample of US public firms from 1990 to 2020, the authors find a significant positive relation between asset redeployability and cash, which suggests that firms with more redeployable assets hold more cash. Originality/value The authors contribute to a growing literature in accounting and finance that investigates the impact of asset redeployability on firm characteristics and also contribute to the literature on the determinants of cash holdings.

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来源期刊

Managerial Finance BUSINESS, FINANCE-

CiteScore

3.30

自引率

12.50%

发文量

103

期刊介绍： Managerial Finance provides an international forum for the publication of high quality and topical research in the area of finance, such as corporate finance, financial management, financial markets and institutions, international finance, banking, insurance and risk management, real estate and financial education. Theoretical and empirical research is welcome as well as cross-disciplinary work, such as papers investigating the relationship of finance with other sectors.