Do government linked companies hold more cash?

• Main Authors: LIU, Chenxi, YAP, Kian Leong Nelson, ZHOU, Sili
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2016
• 主題: Cash Holdings; Government-linked Corporation; Corporate Governance; Corporate Finance; Finance and Financial Management
• 在線閱讀: https://ink.library.smu.edu.sg/sol_research/2344; https://ink.library.smu.edu.sg/context/sol_research/article/4301/viewcontent/SSRN_id2648068.pdf
• 機構: Singapore Management University

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...