Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur.
This paper attempts to find out the effects of firm-specific and macroeconomic variables on corporate cash holdings. Panel data regression analysis was applied on the selected FMCG companies in India for the years2001-02 to 2016-17. The analysis showed that FMCG firms in India prefer keeping huge am...
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| Format: | Article |
| Language: | English |
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Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA (UiTM) Shah Alam
2018
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/29520/ |
| _version_ | 1848807254295314432 |
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| author | Gaur, Reeti Kaur, Rajinder |
| author_facet | Gaur, Reeti Kaur, Rajinder |
| author_sort | Gaur, Reeti |
| building | UiTM Institutional Repository |
| collection | Online Access |
| description | This paper attempts to find out the effects of firm-specific and macroeconomic variables on corporate cash holdings. Panel data regression analysis was applied on the selected FMCG companies in India for the years2001-02 to 2016-17. The analysis showed that FMCG firms in India prefer keeping huge amounts of cash reserves and one of the preferred sources of cash holdings is cash flow. However, large scale and highly levered firms do not have large cash holdings. On the other hand, among the macroeconomic variables economic growth and bank lending rate play a significant role while amaking cash holding decisions. The paper has tried to fill the gap in previous literature that often ignore the role of macroeconomic elements in cash holding decisions. |
| first_indexed | 2025-11-14T22:39:54Z |
| format | Article |
| id | uitm-29520 |
| institution | Universiti Teknologi MARA |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T22:39:54Z |
| publishDate | 2018 |
| publisher | Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA (UiTM) Shah Alam |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | uitm-295202020-04-07T04:44:45Z https://ir.uitm.edu.my/id/eprint/29520/ Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. apmaj Gaur, Reeti Kaur, Rajinder Macroeconomics This paper attempts to find out the effects of firm-specific and macroeconomic variables on corporate cash holdings. Panel data regression analysis was applied on the selected FMCG companies in India for the years2001-02 to 2016-17. The analysis showed that FMCG firms in India prefer keeping huge amounts of cash reserves and one of the preferred sources of cash holdings is cash flow. However, large scale and highly levered firms do not have large cash holdings. On the other hand, among the macroeconomic variables economic growth and bank lending rate play a significant role while amaking cash holding decisions. The paper has tried to fill the gap in previous literature that often ignore the role of macroeconomic elements in cash holding decisions. Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA (UiTM) Shah Alam 2018-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/29520/1/29520.pdf Gaur, Reeti and Kaur, Rajinder (2018) Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. (2018) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29.html>, 13 (3). pp. 55-77. ISSN 2550-1631 https://apmaj.uitm.edu.my/ |
| spellingShingle | Macroeconomics Gaur, Reeti Kaur, Rajinder Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title | Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title_full | Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title_fullStr | Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title_full_unstemmed | Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title_short | Effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from FMCG companies in India / Reeti Gaur and Rajinder Kaur. |
| title_sort | effect of firm-specific and macroeconomic conditions on corporate cash holdings: evidence from fmcg companies in india / reeti gaur and rajinder kaur. |
| topic | Macroeconomics |
| url | https://ir.uitm.edu.my/id/eprint/29520/ https://ir.uitm.edu.my/id/eprint/29520/ |