There is a positive but statistically insignificant relationship between corporate cash holdings and firm value.
How much liquid assets firms hold on their balance sheet positively influence firm value but the extent of the
influence is not strong. There is negative and statistically significant relationship between volatility in earnings
(risk) and firm value. Uncertainty in earnings negatively affects investors' valuation of companies. And finally,
there is a positive relationship between investment opportunities and corporate value even though the
relationship is not statistically significant.