Large Shareholder Diversification and Corporate Cash Holding
ABSTRACT Using data for almost 360,000 European firms covered in Orbis Historical, I reconstruct the portfolios of shareholders who hold equity stakes in private and publicly traded firms between 2007 and 2020. I document a novel link between large shareholders' diversification and firms' cash holdings.
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The effect of voluntary environmental regulation on corporate financialization in China. [PDF]
Zhou Z, Zong S, Qiu Y, Guo F.
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Can SMEs synergistic transformation of digitization and greenization promote enterprise risk-taking? [PDF]
Wang J, Cui J.
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Prefecture government fiscal intervention and corporate asset allocation: The perspective of transaction cost theory. [PDF]
Pan J.
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A hypothesis-driven responsible AI framework for interpretable ESG forecasting with RuleFit. [PDF]
Muhammad T +7 more
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Financial venous stasis and thrombosis: A circulatory architecture for frozen capital and high-value care. [PDF]
Tekesin K.
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CORPORATE CASH HOLDING IN ASIA
Hagiwara, Akiko In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002–2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of cash, which suggests that Asian firms are ...
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The Determinants and Implications of Financial Asset Holdings of Non-Financial Firms in Turkey : An Emprical Investigation [PDF]
This paper investigates the determinants and financial crowding out consequences of nonfinancial firms’ holdings of financial assets (FA) including government bonds and securities (GS) in Turkey using the firm level data compiled by the Central Bank of ...
Cihan Yalcin, Cafer Kaplan, Erdal Ozmen
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The impact of ESG on firm value: The moderating role of cash holdings. [PDF]
Ahmed O, Abu Khalaf B.
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ESG disclosure quality and firm valuation under economic policy uncertainty: Evidence from Chinese A-share listed firms. [PDF]
Tang CH, Luo F.
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