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 of...

This paper investigates how firm-bank relationships affect corporate cash-holding behavior. Using bank loan and financial statement data from emerging firms in Japan, we find that firms with concentrated bank relationships hold lower levels of cash. Additionally, firms with such bank...

Using hand collected data of Islamic and the conventional banks; we investigate the effect of corporate and the Shariah governance on the value of cash reserves. Overall, the findings indicate that there is a significant difference between the value of cash holdings across poorly governed and...