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http://dx.doi.org/10.5392/JKCA.2015.15.10.504

Financial Aspects of Korean Chaebol Firms in terms of Trend of Cash Holdings and Type of a Domestic Bourse  

Kim, Hanjoon (호서대학교 사회과학대학 경영학부)
Publication Information
The Journal of the Korea Contents Association / v.15, no.10, 2015 , pp. 504-516 More about this Journal
Abstract
This study addresses one of the curent issues in modern finance, which investigates financial profile on the levels of the chaebol firms' cash hoardings in the domestic capital market. Iit may be imperative to search for robust and consistent financial determinants of cash holdings as well as identifying any changes or trend of the determinants affecting the corporate cash reserves in the post-era of the global financial turmoil, considering that interest parties at the government and corporate levels, still seem to have a controversy or debate on excess cash savings. Two 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 and unique attributes of financial factors discriminating between the different type of domestic stock markets.
Keywords
Cash Holdings; Chaebol; Static Panel Data Model; Probit Model; Financial Determinants;
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Times Cited By KSCI : 2  (Citation Analysis)
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