State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings,...
| Main Authors: | , , , , |
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| Format: | Article |
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Frontiers Media S.A.
2022
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| Online Access: | http://psasir.upm.edu.my/id/eprint/103291/ |
| _version_ | 1848863981533396992 |
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| author | Yu, Danni Soh, Weini Amin Noordin, Bany Ariffin Yahya, Mohamed Hisham Latif, Badar |
| author_facet | Yu, Danni Soh, Weini Amin Noordin, Bany Ariffin Yahya, Mohamed Hisham Latif, Badar |
| author_sort | Yu, Danni |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings, and that the information asymmetry’s effect on cash holdings is more pronounced over the COVID-19 period. Additionally, information asymmetry has a weaker effect on corporate cash holdings for state-owned enterprises (SOEs) under the pandemic. Overall, the study shows that state ownership moderates information asymmetry’s impact on cash holdings and softens firms’ precautionary motive for cash holdings during the pandemic. |
| first_indexed | 2025-11-15T13:41:33Z |
| format | Article |
| id | upm-103291 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:41:33Z |
| publishDate | 2022 |
| publisher | Frontiers Media S.A. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1032912023-11-20T07:01:18Z http://psasir.upm.edu.my/id/eprint/103291/ State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms Yu, Danni Soh, Weini Amin Noordin, Bany Ariffin Yahya, Mohamed Hisham Latif, Badar This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings, and that the information asymmetry’s effect on cash holdings is more pronounced over the COVID-19 period. Additionally, information asymmetry has a weaker effect on corporate cash holdings for state-owned enterprises (SOEs) under the pandemic. Overall, the study shows that state ownership moderates information asymmetry’s impact on cash holdings and softens firms’ precautionary motive for cash holdings during the pandemic. Frontiers Media S.A. 2022 Article PeerReviewed Yu, Danni and Soh, Weini and Amin Noordin, Bany Ariffin and Yahya, Mohamed Hisham and Latif, Badar (2022) State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms. Frontiers in Psychology, 13. art. no. 1052979. pp. 1-15. ISSN 1664-1078 https://www.frontiersin.org/articles/10.3389/fpsyg.2022.1052979/full 10.3389/fpsyg.2022.1052979 |
| spellingShingle | Yu, Danni Soh, Weini Amin Noordin, Bany Ariffin Yahya, Mohamed Hisham Latif, Badar State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title | State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title_full | State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title_fullStr | State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title_full_unstemmed | State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title_short | State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms |
| title_sort | state ownership, information asymmetry and cash holding: impact of covid-19 on chinese-listed firms |
| url | http://psasir.upm.edu.my/id/eprint/103291/ http://psasir.upm.edu.my/id/eprint/103291/ http://psasir.upm.edu.my/id/eprint/103291/ |