Results 271 to 280 of about 107,764 (306)
Some of the next articles are maybe not open access.
CEO marital status and corporate cash holdings
European Financial Management, 2022AbstractWe examine the effect of CEO marital status on corporate cash holdings. Consistent with the classical agency framework, we find that firms with single CEOs hold more cash compared to otherwise similar firms with married CEOs and that the excess cash held by single CEOs is significantly discounted by shareholders.
Elnahas, Ahmed +2 more
openaire +2 more sources
Corporate strategy uniqueness and cash holdings
Financial ReviewAbstractThis study examines the effect of unique strategies on corporate cash holdings. We find a U‐shaped relationship between strategy uniqueness and cash holdings. When strategy uniqueness is low, the increase in uniqueness enhances a company's competitive advantage, leading to low demand for cash reserves.
Zhenzhen Sun, Rongrong Zhang, Yifei Li
openaire +1 more source
Do CEO beliefs affect corporate cash holdings?
Journal of Corporate Finance, 2015Abstract We develop a model of corporate cash holdings that incorporates CEO beliefs. An optimistic CEO views external financing as excessively costly but expects this cost to moderate over time. The optimistic CEO thus delays external financing while funding current investments with existing cash and maintaining a lower cash balance than rational ...
Sanjay Deshmukh +2 more
openaire +1 more source
Cash Holdings and Corporate Diversification
The Journal of Finance, 2010ABSTRACTThis paper studies the relation between corporate liquidity and diversification. The key finding is that multidivision firms hold significantly less cash than stand‐alone firms because they are diversified in their investment opportunities. Lower cross‐divisional correlations in investment opportunity and higher correlations between investment ...
openaire +1 more source
CORPORATE CASH HOLDINGS AND CREDIT LINE USAGE
International Economic Review, 2016We investigate the factors driving the unprecedented rise in corporate liquidities since the 1970s. We find that an economy‐wide reduction in the cost of holding liquidities and an increase in risk best explain the rise in cash holdings and the widespread use of credit lines.
Boileau, Martin, Moyen, Nathalie
openaire +1 more source
Cash holdings and corporate diversification
2012This study documents a strong connection between corporate cash holdings and organization form, and explores why such a relation exists. Over the period 1990-2004, U.S. multi-division firms held 39 percent less cash as a fraction of assets than stand-alone firms, and the difference persists after controlling for firm size, capital structure, cash flows,
openaire +1 more source
Corporate cash holdings and CEO compensation incentives
Journal of Financial Economics, 2010We examine the effect of CEO compensation incentives on corporate cash holdings and the value of cash to better understand how compensation incentives designed to enhance the alignment of manager and shareholder interests may influence stockholder-bondholder conflicts.
Yixin Liu, David C. Mauer
openaire +1 more source
Corporate Governance Mechanisms and Corporate Cash Holdings
SSRN Electronic Journal, 2004In this paper, we examine whether corporate governance mechanisms play some role in determining the cash balances held by Singapore corporations. We document that board size, insider dominance of the board, and non-management blockholder ownership are important determinants of cash holdings.
openaire +1 more source
International Corporate Governance and Corporate Cash Holdings
The Journal of Financial and Quantitative Analysis, 2003Agency problems are an important determinant of corporate cash holdings. For a sample of more than 11,000 firms from 45 countries, we find that corporations in countries where shareholders rights are not well protected hold up to twice as much cash as corporations in countries with good shareholder protection.
Amy Dittmar +2 more
openaire +1 more source