Results 261 to 270 of about 107,764 (306)

Trust and Corporate Cash Holdings

SSRN Electronic Journal, 2015
We examine the relation between the level of trust in a country and corporate cash holdings. Agency theories predict that shareholders in countries with low levels of societal trust will pressure firms to disgorge cash. Precautionary savings motives predict that firms located in countries with less trusting societies will hoard more cash in order to ...
Evan Dudley, Ning Zhang
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Corporate precautionary cash holdings

Journal of Corporate Finance, 2007
This paper models the precautionary motive for a firm's cash holdings. A two-period investment model shows that the cash holdings of financially constrained firms are sensitive to cash flow volatility because financial constraints create an intertemporal trade-off between current and future investments.
Seungjin Han, Jiaping Qiu
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Corruption and Corporate Cash Holdings

Emerging Markets Finance and Trade, 2021
In this study, we examine the relation between corruption and corporate cash holding policy using data from 35,288 firms in 44 countries.
Dong Wook Seo, Seung Hun Han
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Shariah compliance and corporate cash holdings

Research in International Business and Finance, 2019
Abstract This study investigates the influence of Shariah compliance status on cash holding levels and the speed of adjustment of non-financial listed firms in six Gulf Cooperation countries from 2005 to 2016. The results show that Shariah compliance status has a significant effect on firms’ cash holding decisions.
Abdullah Bugshan, Faisal Alnori, Walid Bakry   +2 more
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Corporate cash holdings and political connections

Review of Quantitative Finance and Accounting, 2010
We examine the relation between corporate liquidity and political connections measured via lobbying expenditures. This is an interesting question as many of the motives for holding cash should be diminished by political connections. Results suggest a significant and inverse relation between cash levels and lobby expenses and that the marginal value of ...
Hill, Matthew D., Fuller, Kathleen P., Kelly, G. Wayne, Washam, Jim O.   +3 more
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Cash Holdings and Corporate Governance

2020
This chapter investigates the empirical factors affecting corporate cash holdings with special emphasis on corporate governance variables for a sample of Turkish-listed nonfinancial firms over the period 2006 to 2010. The findings reveal a significant non-linear relation between family ownership and cash holdings.
Akben-Selcuk, E., Sener, P.
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Determinants of Corporate Cash Holdings

Global Business Review, 2017
This article aims at examining the financial determinants of corporate cash holdings. The study employs panel data regression method. It uses the fixed-effects method based on Hausman test results for the estimation of panel data model. This study has implications that are beneficial for the business managers to have a better understanding and ...
Yogesh Maheshwari, K.T. Vigneswara Rao
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Corporate Cash Holdings and Acquisitions

Financial Management, 2017
AbstractWe find that acquirers’ announcement returns decline with their cash holdings, but only when at least part of the payment is in the form of stock. We further find evidence that acquirers that use stock payment are overvalued, especially when they have excess cash that they could have used instead.
Erik Lie, Yixin Liu
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International Takeover Laws and Corporate Cash Holdings

SSRN Electronic Journal, 2022
AbstractWe examine the impact on corporate cash holdings of international merger and acquisition (M&A) laws, which facilitate corporate takeovers. We use the staggered enactment of M&A laws from 1992 to 2005 and a sample spanning 34 jurisdictions, and find that levels of corporate cash holdings increase after passage of M&A laws.
Donghe Yang, Zihao Su, Xindong Kevin Zhu
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Corporate Governance and Cash Holdings

2021
Corporate cash induces the opportunistic behavior of corporate managers that can create an agency problem. A corporate governance system controls the opportunistic behavior of managers and can affect the firm's policy on holding cash. This study explains how the aspects of corporate governance, country-level and firm-level governance, can affect the ...
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