The category of tangible property covers a wide range, from cash to cars to heavy machinery. Table 2 reports the estimation results of Eq.

Financial development, asset tangibility, and cash holdings. Fixed assets or hard assets are those assets that are held by a business for a long period of time and that cannot be easily converted into cash. Asset Types. Even if IASs do not define tangible asset, they have defined another kind of assets called financial asset. In short, cash is neither tangible nor intangible asset. Tangible property is the most common form of asset.

Tangible Asset: A tangible asset is an asset that has a physical form. In the balance sheet of the business, such assets are listed under the heading 'Plant and equipment' or 'Plant, property, and equipment.' opposite of … tangible asset: Assets having a physical existence, such as cash, equipment, and real estate; accounts receivable are also usually considered tangible assets for accounting purposes. Defining an intangible asset is slightly more difficult. and its variations. This indicates that the negative relation between tangible assets and cash holdings is weakened in countries with more developed financial markets. IAS 32 defines financial asset in para 11 and if we look at the definition then Cash has been explicitly mentioned in the definition. It is a financial asset. If an object can be physically handled, it is considered a tangible asset. tangible asset: Cash, equipment, machinery, plant, property anything that has long-term physical existence or is acquired for use in the operations of the business and not for sale to customers. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. Fixed tangible assets are depreciated over a period of time.