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Factors that Influence Corporate Liquidity Holdings in Canada

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  • Amarjit Gill
  • Neil Mathur

Abstract

The purpose of this study is to find the factors that influence corporate liquidity holdings in Canada. This study also seeks to extend the studies of Isshaq and Bokpin [1] and Bruinshoofd and Kool [2] related to corporate liquidity management. A sample of 164 Canadian firms listed on the Toronto Stock Exchange for a period of 3 years (from 2008-2010) was selected. This study applied co-relational and non-experimental research design. The findings of this paper show that corporate liquidity holding is influenced by liquidity ratio, firm size, net working capital, near liquidity, short-term debt, investment, internationalization of firm, and industry. This study contributes to the literature on the factors that affect corporate liquidity holdings. The findings may be useful for financial managers, investors, and financial management consultants.

Suggested Citation

  • Amarjit Gill & Neil Mathur, 2011. "Factors that Influence Corporate Liquidity Holdings in Canada," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 1(2), pages 1-7.
    • Handle: RePEc:spt:apfiba:v:1:y:2011:i:2:f:1_2_7
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    Cited by:

    1. Lalita Anand & M. Thenmozhi & Nikhil Varaiya & Saumitra Bhadhuri, 2018. "Impact of Macroeconomic Factors on Cash Holdings?: A Dynamic Panel Model," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 17(1_suppl), pages 27-53, April.
    2. Jos¨¦ Antonio de Fran?a & Wilfredo Sosa Sandoval, 2019. "Necessary and Sufficient Conditions for Liquidity Management," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(5), pages 1-85, May.
    3. Yogesh Maheshwari & K.T. Vigneswara Rao, 2017. "Determinants of Corporate Cash Holdings," Global Business Review, International Management Institute, vol. 18(2), pages 416-427, April.
    4. Tigor Sitorus & Denny, 2017. "The Influence Of Asset And Profitability Toward Share Value: Mediation Effect Of Liquid Asset," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 6(4), pages 85-103.

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