Determinants and consequences of cash holdings of Philippine publicly-listed banks from 2004-2008
Date of Publication
2010
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Commerce Major in Management of Financial Institutions
Subject Categories
Finance and Financial Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Rene B. Hapitan
Defense Panel Member
Junette A.Perez
Tomas Tiu
Jemelyn Go
Abstract/Summary
This study focuses on the determinants and consequences of cash holdings. Financial statements of ten Philippine publicly-listed banks for the period of 2004-2008 were used as sample. Several determinants such as cash, cash flow, variance of cash flow, total debt, long term debt, size, liquidity, capital expenditures, Tobin's Q, and interest rate were gathered and determined for each of the banks. After performing the Arellano and Bover dynamic panel data estimation model, results show that only size, liquidity, and interest rate affect bank's cash holdings. In addition, it was shown in the problit model that cash holdings do not affect a bank's performance. Therefore, neither managerial opportunism theory nor transaction cost theory are relevant for this particular study.
Abstract Format
html
Language
English
Format
Accession Number
TU21191
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
iv, 53 leaves : illustrations
Keywords
Banks and banking--Philippines; Cash flow--Philippines
Recommended Citation
Co, C., Lim, C., Ty, J., & Villanueva, M. (2010). Determinants and consequences of cash holdings of Philippine publicly-listed banks from 2004-2008. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/18309
