The Determinants of Cash Holdings in Companies: Evidence from Georgian Listed Companies
Current paper’s purpose is to examine the determinants factors and their relations with cash holdings. Companies` determinant
characteristics are very crucial to determine cash holdings. The following factors are used to indicate significance on cash holdings:
firm size, cash flow, bank debt, liquid assets, cash flow volatility and investment opportunity. Financial data of companies from
2005-2015 are used to analyze the relations cash holding with indicators in order to see whether there is a positive or negative
relationship between cash holdings and company`s characteristics in Georgia.
Keywords: bank, cash, cash flows, cash holdings
JEL: G31, G23, G35, G41