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Economic Research-Ekonomska Istraživanja Volume 34, 2021 - Issue 1

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Cash holdings and firm performance relationship: Do firm-specific factors matter?

Jiang YunSchool of Business Administration, Dongbei University of Finance and Economics, Dalian, China

Hassan AhmadSchool of Business Administration, Dongbei University of Finance and Economics, Dalian, ChinaCorrespondence[email protected]

https://orcid.org/0000-0003-3925-3956

Khalil JebranSchool of Business Administration, Dongbei University of Finance and Economics, Dalian, China

https://orcid.org/0000-0003-0594-4775

Sher MuhammadSchool of Business Administration, Dongbei University of Finance and Economics, Dalian, China

Pages 1283-1305 | Received 11 May 2020, Accepted 09 Sep 2020, Published online: 15 Oct 2020

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https://doi.org/10.1080/1331677X.2020.1823241
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Cash holdings and firm performance relationship: Do firm-specific factors matter?

Table 1. Measurement of corporate governance score.

Table 2. Descriptive statistics.

Table 3. Correlation matrix.

Table 4. Effect of cash holding on firm performance.

Table 5. Effect of moderating variables.

Table 6. Alternative proxy of firm performance.

Table 7. Alternative proxy of cash holdings.

Table 8. Robustness check using excess cash holdings.

Appendix 1. Variables definitions.

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Cash holdings and firm performance relationship: Do firm-specific factors matter?

Figures & data

Table 1. Measurement of corporate governance score.

Table 2. Descriptive statistics.

Table 3. Correlation matrix.

Table 4. Effect of cash holding on firm performance.

Table 5. Effect of moderating variables.

Table 6. Alternative proxy of firm performance.

Table 7. Alternative proxy of cash holdings.

Table 8. Robustness check using excess cash holdings.

Appendix 1. Variables definitions.

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