Dynamics Of Corporate Cash Holdings In Chinese Firms: An Empirical Investigation Of Asymmetric Adjustment Rate And Financial Constraints

• Main Authors: Ajid , ur Rehman, Wang, Man, Kabiraj, Sajal
• Format: Article
• Language: English
• Published: Asian Academy of Management (AAM) 2016
• Subjects: HD28-70 Management. Industrial Management
• Online Access: http://eprints.usm.my/37216/1/aamjaf12022016_6.pdf; http://eprints.usm.my/37216/; http://web.usm.my/journal/aamjaf/aamjaf12022016/aamjaf12022016_6.pdf

Grounded in the notion of speed of adjustment this study investigates the adjustment rate of corporate cash holdings and financial constraints in Chinese firms. For this purpose data of 867 A-listed Chinese firms over a 14 years period (2001–2014) is analysed. The study applies Arellano and Bo...