Determinants of corporate cash holdings in times of crisis: Insights from Brazilian sugarcane industry private firms

Página do item simplificado
dc.contributor.authorManoel, Aviner Augusto Silva
dc.contributor.authorMoraes, Marcelo Botelho da Costa
dc.contributor.authorSantos, David Ferreira Lopes [UNESP]
dc.contributor.authorNeves, Marcos Fava
dc.contributor.institutionUniversidade de São Paulo (USP)
dc.contributor.institutionUniversidade Estadual Paulista (Unesp)
dc.date.accessioned2018-12-11T17:36:23Z
dc.date.available2018-12-11T17:36:23Z
dc.date.issued2018-01-01
dc.description.abstractThe decision-making process regarding cash allocation, especially in times of recession, is somewhat challenging. Thus, the aim of this study is to evaluate the effects of the financial crisis in cash holdings of privately-held firms in the Brazilian sugarcane industry. For this purpose, a unique, hand-collected panel data of 31 firms for the period from 1998 to 2015 was used. The results show that the private firms of the industry maintain higher levels of cash than the average found by studies with Brazilian public companies. Furthermore, between the two dummy variables used, representing the subprime crisis and the most recent economic crisis in Brazil, only the second one was significant. Finally, in order to overcome the adverse conditions of the current Brazilian economic crisis, it was observed an increase in cash holdings, which, in turn, denotes the relevance of precautionary reasons in the understanding of cash management.en
dc.description.affiliationSchool of Economics Business Administration and Accounting in Ribeirão Preto (FEA-RP) University of São Paulo (USP), Av. dos Bandeirantes 3900 FEA-RP
dc.description.affiliationDepartment of Accounting School of Economics Business Administration and Accounting in Ribeirão Preto (FEA-RP) University of São Paulo (USP), Av. dos Bandeirantes 3900 FEA-RP
dc.description.affiliationDepartment of Economy Administration and Education São Paulo State University (UNESP) School of Agricultural and Veterinarian Sciences, Jaboticabal. Rod. Prof. Paulo Donato Castellane S/N
dc.description.affiliationDepartment of Business Administration School of Economics Business Administration and Accounting in Ribeirão Preto (FEA-RP) University of São Paulo (USP), Av. dos Bandeirantes 3900 FEA-RP
dc.description.affiliationUnespDepartment of Economy Administration and Education São Paulo State University (UNESP) School of Agricultural and Veterinarian Sciences, Jaboticabal. Rod. Prof. Paulo Donato Castellane S/N
dc.format.extent201-218
dc.identifierhttp://dx.doi.org/10.22434/IFAMR2017.0062
dc.identifier.citationInternational Food and Agribusiness Management Review, v. 21, n. 2, p. 201-218, 2018.
dc.identifier.doi10.22434/IFAMR2017.0062
dc.identifier.file2-s2.0-85044265929.pdf
dc.identifier.issn1559-2448
dc.identifier.scopus2-s2.0-85044265929
dc.identifier.urihttp://hdl.handle.net/11449/179692
dc.language.isoeng
dc.relation.ispartofInternational Food and Agribusiness Management Review
dc.rights.accessRightsAcesso aberto
dc.sourceScopus
dc.subjectAgri-food
dc.subjectAgribusiness
dc.subjectCash management
dc.subjectFinancial crisis
dc.subjectTreasury
dc.titleDeterminants of corporate cash holdings in times of crisis: Insights from Brazilian sugarcane industry private firmsen
dc.typeArtigo

Arquivos

Pacote Original
Agora exibindo 1 - 1 de 1
Imagem de Miniatura
Nome:
2-s2.0-85044265929.pdf
Tamanho:
520.01 KB
Formato:
Adobe Portable Document Format
Descrição:
Baixar

Coleções

Artigos - Economia, Administração e Educação - FCAV