Ampofo, Akwasi; Barkhi, Reza - 2023
managerial entrenchment, and excess cash is a proxy for financial flexibility. Results show that entrenched managers in small … firms hold significantly less excess cash than entrenched managers in medium or large firms. Small public firms …. Managers adopted more antitakeover practices after the 2008 global crisis and one interesting observation is that they became …
