
http://www.ebr.edu.pl/volume17/issue4/2017_4_87.pdf
This paper aims to identify factors influencing Polish non-financial corporate lending to other entities starting from the recognition motives and sources of cash holdings. The research analyzed panel data of 754 non-financial companies listed on the Warsaw Stock Exchange with use of tobit panel and generalized least squares method. Cash holding is motivated by a transaction motive, a protection against risk by the use of derivatives, investment opportunities and lending money. Non-financial companies try to step into the shoes of financial institutions by lending using money gained from their cash flow, especially when they have long-term investments.
MLA | Białek-Jaworska, Anna. "Do Polish non-financial listed companies hold cash to lend money to other firms?." Economics and Business Review EBR 17.4 (2017): 87-110. DOI: 10.18559/ebr.2017.4.6 |
APA | Białek-Jaworska, A. (2017). Do Polish non-financial listed companies hold cash to lend money to other firms?. Economics and Business Review EBR 17(4), 87-110 DOI: 10.18559/ebr.2017.4.6 |
ISO 690 | BIAŁEK-JAWORSKA, Anna. Do Polish non-financial listed companies hold cash to lend money to other firms?. Economics and Business Review EBR, 2017, 17.4: 87-110. DOI: 10.18559/ebr.2017.4.6 |