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Session IV : Finance - Presenters

The Relation between Cash holdings and Firm Value considering Discretionary Accruals in South Korea

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.

저자정보

  • Chun-Gwang Park Tong-Myong University, Korea
  • Young S. Kwak Delaware State University, USA

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