Determinants of corporate cash holdings : evidence from Algeria

الملخص EN

The purpose of this paper is to revisit the determinants of cash holding, which include liquid assets, firm size, leverage, investment opportunity, and sort term debt, total debt and the profitability, capital expenditure, and networking capital.

To empirically test our hypotheses on the determinants of cash-holding levels for non-financial Algerian companies from 2013 to 2018.

We used financial data collected from the Sidjilcom database managed by the National Center of the Commercial Register (CNRC).

We exclude firms in the financial sector as they have a different motivation for holding cash than firms in the non-financial sector.

Our final sample has 90 firm-year observations for 15 non-financial companies and test done by Statistical Package for the Social Sciences (SPSS) Version 22