Do government linked companies hold more cash?

• المؤلفون الرئيسيون: LIU, Chenxi, YAP, Kian Leong Nelson, ZHOU, Sili
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: Cash Holdings; Government-linked Corporation; Corporate Governance; Corporate Finance; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/sol_research/2344; https://ink.library.smu.edu.sg/context/sol_research/article/4301/viewcontent/SSRN_id2648068.pdf

In this paper, we investigate the cash holings of government linked corporations (GLCs) in Singapore, with different levels of Temasek Holdings ownership. We find evidence that Temasek owned public firms hold on average substantially more cash than otherwise similar public firms listed on SGX. This...