The Financial Determinants of Firms Cash holding: Evidence from Different Economic sectors of Pakistan
Year: 2025
Type: article
Abstract: The study aims to analyze the financial determinants of firms cash holdings in different sectors of economy of Pakistan such as Textile, Manufacturing, Energy, Information & Communication, Chemical and Food. The study analyses a sample of 305 listed companies on the Pakistan Stock Exchange (PSX) from 2017 to 2022 and provides a comparative sectoral analysis using three regression models, namely: Ordinary least square (OLS), fixed effects, and random effects models, based on trade-off theory and pecking order theory. The results show sector-specific relationships: in the textile sector, cash holdings are positively related with debt ratio, liquidity, and firm size but
DOI: 10.20547/jfer2409205
Author: Asgher
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411286755