Financial Theories with a Focus on Corporate Cash Holding Behavior: A Comprehensive Review

Muhammad Sohail Tahir; Mohd Norfian Alifiah; Muhammad Usman Arshad; Faiza Saleem

Makale detayları

Financial Theories with a Focus on Corporate Cash Holding Behavior: A Comprehensive Review

Yazarlar:

Muhammad Sohail Tahir | Mohd Norfian Alifiah | Muhammad Usman Arshad | Faiza Saleem

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.215-219

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812911

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

This study reviews the role of different financial theories such as, trade off theory, pecking order theory and free cash flow theory in the decision making of corporate cash management practices. The review also shed a light on the ground breaking study of Modigliani and Miller (1958) in the field of corporate financial behavior. Majority of the literature depicts the prominence of trade off theory and pecking order theory in the cash management practices of firms. However, some empirical and theoretical studies also described the significance of free cash flow theory. Because, the managers desires to hold the distinctive power in the firm’s financial and investment policies through holding higher cash level. Most importantly, based on the previous empirical findings, this study warrants the need to empirically extent the significance of financial theories in the future at sector level.

Makale detayları

Financial Theories with a Focus on Corporate Cash Holding Behavior: A Comprehensive Review

Yazarlar: Muhammad Sohail Tahir | Mohd Norfian Alifiah | Muhammad Usman Arshad | Faiza Saleem

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.215-219

Belge Tipi: Makale

Yayın Tarihi: 4/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000812911

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Muhammad Sohail Tahir | Mohd Norfian Alifiah | Muhammad Usman Arshad | Faiza Saleem

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2016 Vol.6 Issue 3, pp.215-219

Belge Tipi:

Makale

Yayın Tarihi:

4/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000812911

Sıklık:

İki Aylık

eISSN:

2146-4138