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

Authors

  • Phung Anh Thu Nguyen Tat Thanh University, Vietnam
  • Nguyen Vinh Khuong University of Economics and Law, Viet Nam National University

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.

JEL Classifications: G33 G31

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Author Biographies

Phung Anh Thu, Nguyen Tat Thanh University, Vietnam

Faculty of  Finance and Accounting

Nguyen Vinh Khuong, University of Economics and Law, Viet Nam National University

Faculty of Accounting and Auditing

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Published

2018-09-05

How to Cite

Thu, P. A., & Khuong, N. V. (2018). Factors Effect on Corporate Cash Holdings of the Energy Enterprises Listed on Vietnam’s Stock Market. International Journal of Energy Economics and Policy, 8(5), 29–34. Retrieved from https://www.econjournals.com/index.php/ijeep/article/view/6714

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