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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | The determinants of cash holdings for Swiss firms |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 33 |
| Date | 2022 |
| Abstract Text | This paper analyses the determinants of cash holdings for a data sample consisting of non-financial Swiss firms listed in the Swiss-All-Share Index from 2000 to 2020. The median cash ratio overall companies in 2020 ranges at a substantial 15% of total assets. The results show statistically significant strong negative relation of cash holdings towards capital expenditures and the financial leverage ratio of a firm while the R&D expenses and the net working capital highlight a positive relation. Moreover, the precautionary motive has become more important for small companies. |
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