Zhou, Meihua; Li, Ruining; Cao, Jian; Lin, Bin - In: China journal of accounting studies 11 (2023) 3, pp. 543-573
The psychological factors of senior executives have an important impact on the firm’s financial policies. In this paper … not only promotes the value of cash holdings, but also is significantly positively associated with both accounting … performance and market performance. Our findings shed lights on the impact of executive psychological factors on financial …