The Impact of Managerial Ownership on the Cash Holdings in the Cement Sector of Pakistan

Abstract

The study aims to investigate the impact of managerial ownership on the cash holdings in cement sector of Pakistan. For the purpose 15 Companies were selected from the sector as the rest were delisted from Pakistan stock exchange. The independent variables such as managerial ownership, institutional ownership and annual profit and leverage ratios were tested against the dependent variable cash holdings for the period of 09 years. Panel data was taken i.e. from 2007 to 2015 from business recorder and respective websites of the companies. Multiple regression model was used to determine the relationship between the variables further ANOVA test was also used to check overall association of independent variables on cash holding yielding positive and significant results.