Sea surface temperature anomalies and cash holdings: Evidence from fisheries companies

Kontesa, Maria

doi:10.1016/j.marpol.2022.105452

Cited by 3 publications

(2 citation statements)

References 48 publications

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“…Financial cash utilization refers to a firm's ability to effectively manage and allocate internal and external funds through appropriate financial policies [13,14]. The primary variable examined in this study is cash holdings, which is measured by dividing the sum of cash and cash equivalents by the total assets of the firm [16,17].…”

Section: Operational Definition and Variable Measurementmentioning

confidence: 99%

“…The present study anticipates that the growing emphasis on cash holdings may affect firms' investment efficiency, as management may prioritize accumulating cash over making new investments. This shift in priorities, as suggested by [14,15,18,34], is likely to influence firms' decisions to delay investments, consequently impacting the overall efficiency of their investment strategies. Acknowledging the intricate and evolving nature of the relationship between cash holdings, the COVID-19 pandemic, and investment efficiency is crucial.…”

Section: Introductionmentioning

confidence: 99%

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Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Cahyono,

Ardianto

2024

jak

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This study explores the connection between the amount of cash a company holds and its effectiveness in making investments, as well as the effect of the COVID-19 pandemic. The researchers analyzed a dataset consisting of 2721 observations from Indonesian publicly listed firms between 2013 and 2020, excluding the financial industry (SIC 6). They utilized multiple linear regression analysis to investigate how cash holding influences investment efficiency and how the COVID-19 pandemic affects this relationship. The research approach employed was quantitative. The results indicate that a higher cash holding has a negative impact on investment efficiency. The uncertainty caused by the COVID-19 outbreak has significantly affected corporate cash flows, impeding business activities. Additionally, robustness tests were conducted to address concerns regarding potential bias, and the results consistently aligned with the ordinary least squares (OLS) estimation. These findings are significant for investors, potential investors, and management, providing insights into the interplay among cash holding, investment efficiency, and the COVID-19 Pandemic.

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Section: Operational Definition and Variable Measurementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Cahyono,

Ardianto

2024

jak

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The impact of climate vulnerability on new firm formation

Anton

2024

Bus Strat Dev

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The aim of the paper is to examine the influence of climate vulnerability (CV) on the formation of new firms. Employing a large sample of 140 countries spanning the time frame 2006–2020, it has been found that climate vulnerability harms new firm formation. The empirical results show that the negative impact of CV on the average new business formation rate has been 3.40. The results prove to be robust for alternative subsamples and methodology. Furthermore, the results of the quantile regression highlight a parameter heterogeneity in the effect of CV on entrepreneurial activity. Overall, the empirical findings highlight the key role of climate vulnerabilities in developing public policies aimed to spur entrepreneurial activity.

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Corporate Cash Holdings and Investment Efficiency: Do Women Directors and Financial Crisis Matter?

Ardianto,

Sulaiman

2024

JRFM

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This study investigates the relationship between corporate cash holdings and investment efficiency, with a focus on how COVID-19 and the presence of women directors may influence this relationship. Using data from Indonesian public companies during the COVID-19 period, comprising 2350 firm-year observations, we employ fixed-effect regression models with industry and year controls to test our hypotheses. Robustness and endogeneity tests are conducted to ensure the reliability of our findings. Our research reveals that companies with larger cash reserves tend to experience decreased investment efficiency during the COVID-19 crisis. Moreover, the negative impact of substantial cash reserves on investment efficiency is exacerbated by the presence of female directors on the board. However, our findings also suggest that female directors can mitigate the adverse effects of excessive cash reserves on a company’s investment efficiency, particularly during unforeseen economic challenges such as the pandemic.

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Sea surface temperature anomalies and cash holdings: Evidence from fisheries companies

Cited by 3 publications

References 48 publications

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

Strengthening Corporate Cash Holdings and Investment Efficiency in the COVID-19 Pandemic: Some Empirical Evidence from Indonesia Emerging Markets

The impact of climate vulnerability on new firm formation

Corporate Cash Holdings and Investment Efficiency: Do Women Directors and Financial Crisis Matter?

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