IDEAS home Printed from https://ideas.repec.org/a/taf/raaexx/v30y2023i2p448-469.html
   My bibliography  Save this article

Corporate cash holdings under Sino-US trade conflict: evidence from China

Author

Listed:
  • Zhaohui Ke
  • Lihong Wang
  • Yujia Yin

Abstract

This study examines the impact of Sino-US trade conflict on the corporate cash holdings of China’s listed foreign-trade companies with sanctioned US business. Employing a DID method, we utilize a sample of 207 foreign-trade companies with sanctioned US business and 832 foreign-trade companies without US business from 2016 to 2019. Our results show that Sino-US trade conflict has stimulated cash holdings in foreign-trade enterprises with sanctioned US business. A large amount of cash holdings exerts a positive effect on corporate performance, especially in poorly performing firms. This relationship is especially pronounced in enterprises with financing constraints and non-state-owned foreign-trade firms.

Suggested Citation

  • Zhaohui Ke & Lihong Wang & Yujia Yin, 2023. "Corporate cash holdings under Sino-US trade conflict: evidence from China," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 30(2), pages 448-469, March.
    • Handle: RePEc:taf:raaexx:v:30:y:2023:i:2:p:448-469
    DOI: 10.1080/16081625.2021.1995887
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/16081625.2021.1995887
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/16081625.2021.1995887?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:raaexx:v:30:y:2023:i:2:p:448-469. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/raae20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.