Earticle

초록

영어

This study addresses one of the ongoing issues in contemporary finance, which investigates financial aspects on the levels of the chaebol firms' cash hoardings in the domestic capital market. To specify, it may be imperative to search for an optimal level of cash holdings for the domestic firms as well as identifying any changes or trend on the factors to determine the corporate cash reserves in the post-era of the global financial turmoil, taking into account the fact that interest parties at the government and corporate levels, still seem to have a controversy or debate on excess cash savings which may be fundamentally affected or theorized by the rationale of the 'precautionary' and 'transactional' motives. Three hypotheses were postulated and empirically tested for the chaebol firms in the study, such as any transitional changes of the relevant factors on cash holdings, unique attributes of financial factors discriminating between the different type of domestic bourses, and finally any existence of 'optimal' level of corporate cash hoardings, as discussed in sequence.

목차

< Abstract >
 I. Introduction
 II. Literature Review
 III. Data and Hypotheses Postulated
  1. Data Collection
  2. Hypothesis Postulated and Econometric Estimations
 IV. Analysis and Discussion
  1. Analysis
  2. Discussion
 V. Concluding Remarks
 References

키워드

저자

• Hanjoon Kim [ Division of Business Administration, Hoseo University, Republic of Korea ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330