Cash holdings of business group-affiliated firms in Indonesia
| Main Authors: | Kim, Sung Suk, Haryanto, Melinda, Purba, John Tampil |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
De la Salle University
, 2019
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| Subjects: | |
| Online Access: |
http://repository.uph.edu/4478/1/1.1%20Journal%20DLSU-Cash%20holdings%20of%20business%20group-affiliated%20firms.pdf http://repository.uph.edu/4478/ http://dlsu.edu.ph |
Daftar Isi:
- This research focuses on the behavior of cash holdings of business group-affiliated firms in Indonesia from 2004 to 2013. We find that business group-affiliated firms hold more cash than that of stand-alone firms. Size of business group, cash holdings of other firms in the same business group, age of the business group, and the degree of diversification of business group have a positive influence on cash holdings of the business group-affiliated firms. However, the correlation of growth opportunities among the same group-affiliated firms has limited effects on the cash holdings of the firm.