Browsing by Author "MAWUNYO ADZO TIMPO OLIVIA"
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- ItemDeterminants of cash holdings of firms listed on the Ghana stock exchange(KNUST, 2021) MAWUNYO ADZO TIMPO OLIVIACash is the lifeblood of every business. This study analyzed the determinants of cash holdings of Ghana-listed companies. The study adopted an explanatory research design. A sample of 21 companies was analyzed from 2010 to 2018. Quantitative data from the financial statements and macro-economic data was obtained. The independent variables were firm size, growth, dividend payout, profitability, liquid assets substitutes, and leverage. The dependent variable was cash holdings, and the control variables were inflation, gross domestic products, and exchange rates. The data were sorted, cleaned, and coded, and then entered in version 15 of Stata. It was observed that profitability and size had a significant positive effect on the cash holdings of non-financial firms. It was also seen that liquidity and leverage had a significant negative effect on the cash holdings of non-financial firms. It was observed in the financial sector that size and growth had a significant positive effect on cash holdings, while dividend payout had a significant negative effect on cash holdings. It is recommended that companies balance cash holding with cash holding expenses for optimal benefit