Các nhân tố ảnh hưởng đến mức nắm giữ tiền mặt của công ty niêm yết tại Việt Nam: tác động điều tiết của hạn chế tài chính
Từ khóa:
Nắm giữ tiền, hạn chế tài chínhTóm tắt
Nghiên cứu này sử dụng bộ dữ liệu gồm 616 công ty phi tài chính niêm yết tại Việt Nam trong giai đoạn 2012 - 2021. Kết quả nghiên cứu cho thấy đòn bẩy tài chính, dòng tiền, vốn lưu động và chi phí đầu tư tài sản cố định có ảnh hưởng đến mức giữ tiền của các công ty niêm yết tại Việt Nam. Nghiên cứu xem xét tác động điều tiết của hạn chế tài chính đến các mối quan hệ trên. Kết quả cho thấy hạn chế tài chính có ảnh hưởng đáng kể đến mối quan hệ giữa các nhân tố và mức nắm giữ tiền mặt theo hướng các quyết định tối ưu về mức nắm giữ tiền khó được đảm bảo. Dựa trên các kết quả trên, nghiên cứu cung cấp một số hàm ý liên quan nhằm cải thiện khả năng quản lý tiền mặt của các doanh nghiệp Việt Nam.
Tài liệu tham khảo
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