| dc.description.abstract | Negative net cash flows (NCFs) make a major contribution in the growth in the
weighted cash-balance ratio of stock exchange-listed businesses throughout the last
three decades. Among the expanding group of companies with prominent levels of
intangible resources, negative NCFs have grown increasingly common, persistent, and
substantial in size. Recently, businesses with negative NCFs tend to increase their cash
balances via periodic stock offers. High cash reserves are usually only temporary, since
negative NCFs cause businesses to quickly deplete their cash reserves. This is generally
followed by the selling of further shares of stock and the accumulation of the resulting
cash. To examine the cash holding behaviors in Vietnam market, needed data is
collected from 130 listed firms on Ho Chi Minh Stock Exchange (HOSE) for the five–
year period from 2015 to 2019. The outcomes show that negative net cash flow and
intangible asset intensity have a great influence on the increase in cash accumulation.
In addition, the steady increase in the average cash hoarding is mostly driven by
enterprises with negative net current asset positions having greater funding
requirements and engaging in staged equity fundraising. This paper also outlines the
effective measures that conducted from STATA software in order to provide individual
investors with broad knowledge about cash holdings in the Vietnam stock market and
assist them in making appropriate choices. | en_US |
