Cash holding has received considerable attention worldwide due to concern that firms are holding ―too much‖ liquidity in spite of the fact that cash is a low return asset. Recent research has been centered on establishing whether firm characteristics determine its cash holding. This study was undertaken due to the mixed results in the findings in earlier studies carried out on the international scene and limited research on the subject locally. The main purpose of this study was to evaluate the determinants of cash holding for non-financial firms listed on the Nairobi Securities Exchange. Specifically, the study reviewed the effect of Market to book ratio (MTB), size, leverage, cash flow, interest rates and industry sector on the cash holding of nonfinancial companies listed on the Nairobi Securities Exchange. The study adopted a post-positivist approach.
BARASA, C (2021). Determinants Of Corporate Cash Holding Of Non-financial Firms Listed In The Nairobi Securities Exchange. Afribary. Retrieved from https://tracking.afribary.com/works/determinants-of-corporate-cash-holding-of-non-financial-firms-listed-in-the-nairobi-securities-exchange
BARASA, CONSTANTINE "Determinants Of Corporate Cash Holding Of Non-financial Firms Listed In The Nairobi Securities Exchange" Afribary. Afribary, 11 May. 2021, https://tracking.afribary.com/works/determinants-of-corporate-cash-holding-of-non-financial-firms-listed-in-the-nairobi-securities-exchange. Accessed 16 Nov. 2024.
BARASA, CONSTANTINE . "Determinants Of Corporate Cash Holding Of Non-financial Firms Listed In The Nairobi Securities Exchange". Afribary, Afribary, 11 May. 2021. Web. 16 Nov. 2024. < https://tracking.afribary.com/works/determinants-of-corporate-cash-holding-of-non-financial-firms-listed-in-the-nairobi-securities-exchange >.
BARASA, CONSTANTINE . "Determinants Of Corporate Cash Holding Of Non-financial Firms Listed In The Nairobi Securities Exchange" Afribary (2021). Accessed November 16, 2024. https://tracking.afribary.com/works/determinants-of-corporate-cash-holding-of-non-financial-firms-listed-in-the-nairobi-securities-exchange