Ajou University repository

Relationship between a Public Float and the Firm’s Cash Holdings
  • Truong, Hoang Mai Ha ;
  • 이은서 ;
  • 이준엽 ;
  • Leach, Megan
Citations

SCOPUS

0

Citation Export

DC Field Value Language
dc.contributor.authorTruong, Hoang Mai Ha-
dc.contributor.author이은서-
dc.contributor.author이준엽-
dc.contributor.authorLeach, Megan-
dc.date.issued2021-06-
dc.identifier.issn1598-8651-
dc.identifier.urihttps://aurora.ajou.ac.kr/handle/2018.oak/35432-
dc.description.abstract[Purpose]This study examines the relationship between a public float and the firm’s cash holdings. <br>[Methodology]Public float is defined as the market value of all common equity held by non-affiliates. Following Harford et al. (2008), we use three measurements for cash holdings: cash divided by total assets minus cash, log of cash divided by sales, and industry adjusted cash divided by total sales. <br>[Findings]Using a sample of U.S. IPO from 1990 to 2015, this study shows that the relationship between a public float and the firm’s cash holdings is negative and significant, supporting the pecking order theory. <br>[Implications]According to Meles and Salerno (2020), to determine how many stock shares would be public float is one of the most important strategic decision for insiders who are planning an IPO. Our study contributes to the cash holdings literature by showing the relationship between a public float and the firm’s cash holdings.-
dc.language.isoEng-
dc.publisher한국경영교육학회-
dc.titleRelationship between a Public Float and the Firm’s Cash Holdings-
dc.title.alternative부동주와 현금보유수준과의 관계-
dc.typeArticle-
dc.citation.endPage189-
dc.citation.number3-
dc.citation.startPage175-
dc.citation.title경영교육연구-
dc.citation.volume36-
dc.identifier.bibliographicCitation경영교육연구, Vol.36 No.3, pp.175-189-
dc.identifier.doi10.23839/kabe.2021.36.3.175-
dc.subject.keyword부동주-
dc.subject.keyword현금 보유수준-
dc.subject.keywordPublic Float-
dc.subject.keywordCash Holdings-
dc.type.otherArticle-
Show simple item record

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Related Researcher

Lee, Junyoup  Image
Lee, Junyoup 이준엽
Department of Business Administration
Read More

Total Views & Downloads

File Download

  • There are no files associated with this item.