@article{oai:nagoya.repo.nii.ac.jp:00030319,
 author = {DAO, Thi Thuong},
 issue = {1},
 journal = {経済科学},
 month = {Jun},
 note = {This paper examines the effects of state ownership, age after equitization, and the interaction term between state ownership and age after equitization on corporate cash holdings of listed firms on Vietnamese stock exchanges from 2010 to 2017. Our regression results show that state ownership positively impacts on the level of cash holdings, which attributes to agency theory. Specially, this paper provides empirical evidence that cash holdings reduce as the firm age after being equitized increases. Also, along with an increase in age after equitization, a positive effect of state ownership on cash holdings diminishes as a result of a better reputation and a lower degree of information asymmetry these such firms have on the market.},
 pages = {47--68},
 title = {Corporate Cash Holdings and Agency Problem : Evidence from Vietnam},
 volume = {68},
 year = {2020}
}