Saeed, Abubakr; Belghitar, Yacine; Clark, Ephraim - In: International Review of Applied Economics 28 (2014) 6, pp. 813-831
In this paper, we revisit the theoretical motives of corporate cash holdings while concentrating on the effect of political connections. In particular, we postulate two competing hypotheses for the effects that political connections can have on cash holdings: 'substitution effect hypothesis' and...