- Tytuł:
- Do Polish non-financial listed companies hold cash to lend money to other firms?
- Autorzy:
- Białek-Jaworska, Anna
- Powiązania:
- https://bibliotekanauki.pl/articles/943129.pdf
- Data publikacji:
- 2017-12-20
- Wydawca:
- Uniwersytet Ekonomiczny w Poznaniu
- Tematy:
-
cash holdings
lending money
loans
non-financial companies
cash flow - Opis:
- This paper aims to identify factors influencing Polish non-financial corporate lending to other entities starting from the recognition motives and sources of cash holdings. The research analyzed panel data of 754 non-financial companies listed on the Warsaw Stock Exchange with use of tobit panel and generalized least squares method. Cash holding is motivated by a transaction motive, a protection against risk by the use of derivatives, investment opportunities and lending money. Non-financial companies try to step into the shoes of financial institutions by lending using money gained from their cash flow, especially when they have long-term investments.
- Źródło:
-
Economics and Business Review; 2017, 3(17), 4; 87-110
2392-1641 - Pojawia się w:
- Economics and Business Review
- Dostawca treści:
- Biblioteka Nauki
Artykuł