JEL Classification System
G32, G34, G39
Abstract
This research focuses on the behavior of cash holdings of business group-affiliated firms in Indonesia from 2004 to 2013. We find that business group-affiliated firms hold more cash than that of stand-alone firms. Size of business group, cash holdings of other firms in the same business group, age of the business group, and the degree of diversification of business group have a positive influence on cash holdings of the business group-affiliated firms. However, the correlation of growth opportunities among the same group-affiliated firms has limited effects on the cash holdings of the firm.
Recommended Citation
Kim, Sung suk; Haryanto, Melinda; and Purba, John Tampil
(2019)
"Cash Holdings of Business Group-Affiliated Firms in Indonesia,"
DLSU Business & Economics Review: Vol. 29:
No.
1, Article 7.
DOI: https://doi.org/10.59588/2243-786X.1534
Available at:
https://animorepository.dlsu.edu.ph/ber/vol29/iss1/7
