Yu, Hai-Chin; Sopranzetti, Ben; Lee, Cheng-Few - In: Review of Quantitative Finance and Accounting 44 (2015) 2, pp. 353-378
This paper uses Taiwanese data to examine the impact of firm-level corporate governance mechanisms on firms’ average cash holdings. Specifically, it examines how a firm’s number of banking relationships and the percentages of managerial ownership and board ownership impact the firm’s level...