State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms

This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings,...

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Autores principales: Yu, Danni, Soh, Weini, Noordin, Bany Ariffi Amin, Yahya, Mohamed Hisham, Latif, Badar
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Frontiers Media S.A. 2022
Materias:
Psychology
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9745314/
https://www.ncbi.nlm.nih.gov/pubmed/36524178
http://dx.doi.org/10.3389/fpsyg.2022.1052979
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author Yu, Danni
Soh, Weini
Noordin, Bany Ariffi Amin
Yahya, Mohamed Hisham
Latif, Badar
author_facet Yu, Danni
Soh, Weini
Noordin, Bany Ariffi Amin
Yahya, Mohamed Hisham
Latif, Badar
author_sort Yu, Danni
collection PubMed
description This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings, and that the information asymmetry’s effect on cash holdings is more pronounced over the COVID-19 period. Additionally, information asymmetry has a weaker effect on corporate cash holdings for state-owned enterprises (SOEs) under the pandemic. Overall, the study shows that state ownership moderates information asymmetry’s impact on cash holdings and softens firms’ precautionary motive for cash holdings during the pandemic.
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spelling pubmed-97453142022-12-14 State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms Yu, Danni Soh, Weini Noordin, Bany Ariffi Amin Yahya, Mohamed Hisham Latif, Badar Front Psychol Psychology This study investigates the relationship between information asymmetry and cash holdings under the impact of the coronavirus disease 2019 (COVID-19) in China. It likewise explores how state ownership dominates their nexus, particularly during the pandemic. COVID-19 caused increases in cash holdings, and that the information asymmetry’s effect on cash holdings is more pronounced over the COVID-19 period. Additionally, information asymmetry has a weaker effect on corporate cash holdings for state-owned enterprises (SOEs) under the pandemic. Overall, the study shows that state ownership moderates information asymmetry’s impact on cash holdings and softens firms’ precautionary motive for cash holdings during the pandemic. Frontiers Media S.A. 2022-11-29 /pmc/articles/PMC9745314/ /pubmed/36524178 http://dx.doi.org/10.3389/fpsyg.2022.1052979 Text en Copyright © 2022 Yu, Soh, Noordin, Yahya and Latif. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
spellingShingle Psychology
Yu, Danni
Soh, Weini
Noordin, Bany Ariffi Amin
Yahya, Mohamed Hisham
Latif, Badar
State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title_full State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title_fullStr State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title_full_unstemmed State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title_short State ownership, information asymmetry and cash holding: Impact of COVID-19 on Chinese-listed firms
title_sort state ownership, information asymmetry and cash holding: impact of covid-19 on chinese-listed firms
topic Psychology
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9745314/
https://www.ncbi.nlm.nih.gov/pubmed/36524178
http://dx.doi.org/10.3389/fpsyg.2022.1052979
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