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Determinants of cash holdings of firms listed on the Ghana stock exchange
A thesis submitted to the department of accounting and finance Kwame Nkrumah university of science and technology school of business in partial fulfillment of the requirements for the degree of executive master of business administration (finance) school of business, college of humanities and social...
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| Format: | Thesis |
| Language: | English |
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KNUST
2024
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| _version_ | 1867613139135102976 |
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| access_status_str | Open Access |
| author | MAWUNYO ADZO TIMPO OLIVIA |
| author_browse | MAWUNYO ADZO TIMPO OLIVIA |
| author_facet | MAWUNYO ADZO TIMPO OLIVIA |
| author_sort | MAWUNYO ADZO TIMPO OLIVIA |
| collection | Thesis |
| description | A thesis submitted to the department of accounting and finance Kwame Nkrumah university of science and technology school of business in partial fulfillment of the requirements for the degree of executive master of business administration (finance) school of business, college of humanities and social sciences Kwame Nkrumah university of science and technology |
| format | Thesis |
| id | oai:ir.knust.edu.gh:123456789/15630 |
| institution | KNUST (Ghana) |
| language | English |
| last_indexed | 2026-06-10T12:31:23.640Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | KNUST |
| publisherStr | KNUST |
| record_format | dspace |
| source_str | KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana) |
| spelling | oai:ir.knust.edu.gh:123456789/15630 Determinants of cash holdings of firms listed on the Ghana stock exchange MAWUNYO ADZO TIMPO OLIVIA A thesis submitted to the department of accounting and finance Kwame Nkrumah university of science and technology school of business in partial fulfillment of the requirements for the degree of executive master of business administration (finance) school of business, college of humanities and social sciences Kwame Nkrumah university of science and technology Cash 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 2024-03-01T10:16:11Z 2024-03-01T10:16:11Z 2021 Thesis https://ir.knust.edu.gh/handle/123456789/15630 en application/pdf KNUST |
| spellingShingle | MAWUNYO ADZO TIMPO OLIVIA Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title | Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title_full | Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title_fullStr | Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title_full_unstemmed | Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title_short | Determinants of cash holdings of firms listed on the Ghana stock exchange |
| title_sort | determinants of cash holdings of firms listed on the ghana stock exchange |
| url | https://ir.knust.edu.gh/handle/123456789/15630 |
| work_keys_str_mv | AT mawunyoadzotimpoolivia determinantsofcashholdingsoffirmslistedontheghanastockexchange |