Determinants of Cash Holdings: Evidence from High Uncertainty Environment
摘要
This study investigates the determinants of cash holding in manufacturing companies listed on the Palestine Exchange between 2012 and 2022. Palestine is an emerging economy characterized by high uncertainty environment due to political instability and occupation. Data were collected manually from audited annual financial statements. Fixed effect regression analysis reveal that cash flow and profitability have a positive impact on cash holding, while firm size and leverage have a negative influence on cash holding. These results provide insights into the financial management practices of Palestinian industrial enterprises and offer implications for decision-makers in optimizing cash holding strategies.