Cash holdings in sharia-compliant firms: Empirical evidence from Moroccan listed companies (notice n° 221433)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03336cam a2200301 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112060142.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Mouline, Boubker |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Cash holdings in sharia-compliant firms: Empirical evidence from Moroccan listed companies |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2023.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 63 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Cet article vise à évaluer dans quelle mesure la conformité à la charia et certains indicateurs économiques et financiers spécifiques aux entreprises affectent leur niveau de liquidité et à examiner leur impact global. Cette étude est importante à la fois pour la littérature sur la finance islamique et plus généralement pour la littérature sur la finance d’entreprise. Pour ce faire, 42 entreprises cotées à la Bourse de Casablanca ont été sélectionnées. Douze années de données financières ont été considérées, de 2007 à 2019, et des modèles d’estimation de données de panel ont été appliqués pour effectuer l’analyse. Nos résultats sont relativement concluants ; ils montrent que les entreprises conformes à la charia ont des niveaux de liquidités significativement plus élevés que les entreprises non conformes à la charia. En ce qui concerne les déterminants économiques et financiers, nos résultats montrent des preuves d’une forte relation positive entre les liquidités et les flux de trésorerie ainsi que les opportunités de croissance. Nous avons ensuite constaté que les liquidités de ces entreprises sont significativement affectées négativement par la taille de l’entreprise, les besoins en fonds de roulement et l’effet de levier de la dette de l’entreprise. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper aims to assess the extent to which Shariah compliance and some economic and financial firm-specific indicators affect the levels of liquidity held by firms and examine their overall impact. This study is important from both Islamic finance literature and corporate finance literature more generally. Forty-two companies listed on the Casablanca Stock Exchange were selected to study this association. Twelve years of financial data were considered, from 2007 to 2019, and panel data estimation models were applied to perform the analysis. Our results are relatively conclusive; they show that Shariah-compliant firms have significantly higher cash holding levels than non-Shariah-compliant firms. Concerning the economic and financial determinants, our results show some evidence that there is a strong positive relationship between cash holdings and cash-flow as well as growth opportunity. We then found that the cash holdings of these firms are significantly negatively affected by the size of the firm, working capital requirement, and debt leverage of the firm. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Islamic finance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | firm specific variables |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | shariah compliance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Cash holding |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Morocco |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Islamic finance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | firm specific variables |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | shariah compliance |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Cash holding |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Morocco |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Filali Allach, Mariam |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue Management & Innovation | o 7 | 1 | 2023-04-27 | p. 119-139 | 2658-9222 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-management-et-innovation-2023-1-page-119?lang=en">https://shs.cairn.info/journal-revue-management-et-innovation-2023-1-page-119?lang=en</a> |
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