| dc.description.abstract | Corporate cash holding has been in a central place for academics over the last
decades. There are many probes covering this topic conducted fully-fledged market such
as US, UK, and Japan...but less has been done in emerging markets. This study, therefore,
investigates the determinants of corporate cash holding among non-financial listed firms
on Ho Chi Minh Stock Exchange with VN-Index, considered as the fastest growing index
in ASEAN. In particular, it focuses on the impacts of financial factors, especially onbalance-sheet items with a further discussion on controlling for macroeconomic
influences. The sample data of 111 companies is compiled primarily from their financial
statements and other credible sources in the time span of 2008 – 2012. The results show
some statistical evidence that four variables, namely leverage, liquidity substitutes,
effective tax rate and dividend payments, significantly affect firms’ cash levels. | en_US |
