Factors that Influence Corporate Liquidity Holdings in Canada

Amarjit Gill and Neil Mathur

Journal of Applied Finance & Banking, 2011, vol. 1, issue 2, 7

Abstract: The purpose of this study is to find the factors that influence corporate liquidity holdings in Canada. This study also seeks to extend the studies of Isshaq and Bokpin [1] and Bruinshoofd and Kool [2] related to corporate liquidity management. A sample of 164 Canadian firms listed on the Toronto Stock Exchange for a period of 3 years (from 2008-2010) was selected. This study applied co-relational and non-experimental research design. The findings of this paper show that corporate liquidity holding is influenced by liquidity ratio, firm size, net working capital, near liquidity, short-term debt, investment, internationalization of firm, and industry. This study contributes to the literature on the factors that affect corporate liquidity holdings. The findings may be useful for financial managers, investors, and financial management consultants.

Date: 2011
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