Showing 1 - 10 of 34
Persistent link: https://www.econbiz.de/10011579666
Persistent link: https://www.econbiz.de/10011821543
This study examines whether financial constraints and board governance play substitution roles in lowering agency concerns in corporate cash holdings. Using four firm-specific characteristics of financial constraints and 28 forward-looking board governance standards, we find that board...
Persistent link: https://www.econbiz.de/10013014289
We find that a firm facing higher uncertainty has a higher value of cash. This effect is attributed to the increased value of the option to wait and see as well as the aggravated financial constraints and mitigated agency conflicts
Persistent link: https://www.econbiz.de/10012962206
Persistent link: https://www.econbiz.de/10010421845
liquidity may be related positively to the longer-term probability of default. Our empirical analysis confirms these predictions …
Persistent link: https://www.econbiz.de/10009009580
Persistent link: https://www.econbiz.de/10003807977
firms with higher cash reserves are less likely to default in the short term, endogenously determined liquidity may be …
Persistent link: https://www.econbiz.de/10010206259
Persistent link: https://www.econbiz.de/10009714157
Persistent link: https://www.econbiz.de/10003372620