Citation
Yu, Danni and Soh, Weini and Amin Noordin, Bany Ariffin and Yahya, Mohamed Hisham and Latif, Badar
(2022)
State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms.
Frontiers in Psychology, 13.
art. no. 1052979.
pp. 1-15.
ISSN 1664-1078
Abstract
This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings, and that the information asymmetry’s effect on cash holdings is more pronounced over the COVID-19 period. Additionally, information asymmetry has a weaker effect on corporate cash holdings for state-owned enterprises (SOEs) under the pandemic. Overall, the study shows that state ownership moderates information asymmetry’s impact on cash holdings and softens firms’ precautionary motive for cash holdings during the pandemic.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| DOI Number: | https://doi.org/10.3389/fpsyg.2022.1052979 |
| Publisher: | Frontiers Media S.A. |
| Keywords: | COVID-19; China; Cash holdings; Corporate governance; Information asymmetry; State ownership |
| Depositing User: | Ms. Nuraida Ibrahim |
| Date Deposited: | 20 Nov 2023 07:01 |
| Last Modified: | 20 Nov 2023 07:01 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.3389/fpsyg.2022.1052979 |
| URI: | http://psasir.upm.edu.my/id/eprint/103291 |
| Statistic Details: | View Download Statistic |
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