Belkhir, Mohamed; Boubaker, Sabri; Chebbi, Kaouther - In: Journal of Applied Accounting Research 19 (2018) 2, pp. 225-244
Purpose: The purpose of this paper is to investigate the relationship between corporate debt-like compensation and the value of excess cash holdings. Design/methodology/approach: The sample comprises 876 US firms covered by ExecuComp over the period 2006-2013. The authors apply the valuation...
