Factors Effect on Corporate Cash Holdings of the Energy Enterprises Listed on Vietnam s Stock Market

Phung Anh Thu and Nguyen Vinh Khuong
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Phung Anh Thu: Faculty of Finance and Accounting, Nguyen Tat Thanh University, Ho Chi Minh City, Vietnam,
Nguyen Vinh Khuong: Faculty of Accounting and Auditing, University of Economics and Law, Viet Nam National University, Ho Chi Minh City, Vietnam

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 5, 29-34

Abstract: This study examines the factors effect on corporate cash holdings of the energy enterprises listed on Vietnam s stock market. Our data set includes 28 energy companies on Vietnam stock markets (HNX and HOSE) in the period from 2010 to 2016, with a total of 196 firm-year observations being collected. We used GMM estimator to test our hypotheses. The results show a negative association between leverage, return on assets, operating cash flow and corporate cash holdings while a tangible asset has a positive relationship.

Keywords: corporate cash holdings; energy enterprises; Vietnam. (search for similar items in EconPapers)
JEL-codes: G31 G33 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-05-4

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