Corporate savings has become a significant issue in
contemporary international debates. Several studies have
stressed the pros and cons of corporate cash holding in
developed countries. As for the developing countries, the
literature for the topic is scarce which contradicts to the
significance of the topic due to the growing economic activities
of Brazil, Russia, India and China (BRIC) and Turkey. This
study proposes to highlight this issue for firms operating in BRIC
countries and Turkey by determining corporate cash holding
across different firm sizes and industries. The sample contains
5.840 firm-year observations across these countries for the
period 2005–2014. Findings provide support for the notion that
related firms is under financial constraint and propose to hold
more cash within precautionary motive for cash management.
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