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001-es BibID:	BIBFORM070017
Első szerző:	Ahmad Ishtiaq (közgazdász)
Cím:	Do group affiliated and unaffiliated firms hold cash differently? : The case of Pakistan / Ishtiaq Ahmad
Dátum:	2017
ISSN:	1222-569X 1582-5450
Megjegyzések:	This study analyzes the effect of business group membership on cash holding pattern of affiliated firms listed at Pakistan Stock Exchange from 2009-2014. Group affiliation can increase benefits for affiliated firms by providing an access to internal capital markets, particularly in emerging economies where institutional control is weak and access to external financing is difficult and expensive. Using panel data of public limited group affiliated firms and comparable standalone firms, the empirical results show that group firms hold less cash than standalone firms. The results are in line with the view that access to internal capital markets enables group affiliated firms to manage their operations with low cash reserves.
Tárgyszavak:	Társadalomtudományok Közgazdaságtudományok idegen nyelvű folyóiratközlemény külföldi lapban Group affiliation cash holdings affiliated firms
Megjelenés:	Analele Universităţii din Oradea. Ştiinţe economice = Annals of University of Oradea. Economic science 26 : 1 (2017), p. 373-384. -
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