원문정보
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초록
영어
This study investigates the impact of cash holdings on firm value of listed in the Korean Stock Exchange (KSE). And then this study explores the relationship and moderating the effect of the discretionary accruals between cash holdings and firm value. This study extract the sample from manufacturing firms listed on the Korean Stock Exchange (KSE) and employs pooled-OLS and fixed effects estimation to test hypotheses. This study finds that cash holdings positively affect firm value, while discretionary accruals moderates firm value as playing a moderating factor between cash holdings and firm value.
목차
I. Introduction
II. Literature Review and Hypothesis Development
2.1 The relationship between firm’s cash holdings and firm value
2.2 The relationship between firm’s discretionary accruals and firm value
2.3 The association between firm’s cash holdings and discretionary accruals
III. Research Design
3.1 Empirical Models and Variables
3.2 Variables
3.3 Sample Selection
IV. Empirical Results
4.1 Descriptive Statistics and Correlation
4.2 Empirical Results
VI. Conclusion
References
Abstract
II. Literature Review and Hypothesis Development
2.1 The relationship between firm’s cash holdings and firm value
2.2 The relationship between firm’s discretionary accruals and firm value
2.3 The association between firm’s cash holdings and discretionary accruals
III. Research Design
3.1 Empirical Models and Variables
3.2 Variables
3.3 Sample Selection
IV. Empirical Results
4.1 Descriptive Statistics and Correlation
4.2 Empirical Results
VI. Conclusion
References
Abstract
저자정보
참고문헌
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