The Value of Cash: Evidence from Indonesia Listed Firms
Han-Fang Tsai,
Tsui-Jung Lin,
Nur Imamah
Abstract:This study investigates the influence of Islamic law on the value of cash holdings. The empirical analysis was conducted using Indonesian-listed companies from 2012 to 2020 as the research sample. It is hypothesized that companies adhering to Islamic law will increase the value of cash holdings. Considering the ownership structure, it is hypothesized that higher ownership by institutions and corporate insiders in Islamic-compliant companies will lead to higher value of cash holdings. The empirical results of t… Show more
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