Chen, Yangyang; Dou, Paul Y.; Rhee, S. Ghon; Truong, Cameron - In: Journal of Banking & Finance 50 (2015) C, pp. 1-18
This paper examines whether cultural dimensions explain the variation in corporate cash holdings around the world as … holdings are negatively associated with individualism and positively associated with uncertainty-avoidance. Second …, individualism and uncertainty avoidance influence the precautionary motive for holding cash. Third, firms in individualistic states …