Global evidence on macroeconomic variables and corporate money policy

被引:2
|
作者
Wang, Mingyao [1 ]
机构
[1] Univ Putra Malaysia, Sch Business & Econ, Serdang 43400, Selangor Darul, Malaysia
关键词
Cash flow; Robustness analysis; Economic strategy; Cash policy; Economic policy uncertainty (EPU); UNCERTAINTY; CASH; INVESTMENT; IMPACT;
D O I
10.1007/s12667-021-00494-0
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
Looking at the socioeconomic policies unpredictability affects business cash flow. The results indicate a correlation between financial macroeconomic uncertainty and current investments, and even the proclivity to conserve money from operational cash flow. Additional research indicates that financial uncertainty influences organizational cash policy by affecting companies' cautious saving motivations, with the impact being amplified when firms are having difficulties obtaining external capital. Expand the research on macroeconomic factors by showing that it is a significant macro-level factor that affected company cash management using the innovative index established.
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页数:13
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