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Ghafoor, Abdul - 2023

This study investigates the relationship between board co-option and firms' cash holding behavior. It shows that as the fraction of co-opted directors increases, firms tend to hoard more cash due to agency reasons, indicating that co-opted boards are weaker monitors. The results remain robust to...

Persistent link: https://www.econbiz.de/10014362348

Does Board Gender Diversity Affect Corporate Cash Holdings?

Atif, Muhammad - 2019

This paper examines whether board gender diversity affects corporate cash holdings using S&P 1,500 index firms in the US for the period 2006–2015. We document a significantly negative relationship between board gender diversity and cash holdings. We also find a strong negative effect of female...

Persistent link: https://www.econbiz.de/10012900269

Financial Constraints, Board Governance Standards, and Corporate Cash Holdings

Lee, Choonsik - 2015

This study examines whether financial constraints and board governance play substitution roles in lowering agency concerns in corporate cash holdings. Using four firm-specific characteristics of financial constraints and 28 forward-looking board governance standards, we find that board...

Persistent link: https://www.econbiz.de/10013014289

Corporate Governance and Cash Holdings : Evidence from Worldwide Board Reforms

Chen, Ruiyuan (Ryan) - 2020

Using staggered board reforms as a quasi-natural experiment and a difference-in-differences approach, this study examines the impact of corporate governance on cash holdings in 41 countries. We find that board reforms are followed by significant reductions in cash holdings. This effect is more...

Persistent link: https://www.econbiz.de/10012839468

Banking Relationships, Managerial Incentives, Board Monitoring and Corporate Cash Holdings : An Emerging Market Perspective

Yu, Hai-Chin - 2020

pronounced when firms have poorly incentivized managers. We find that firms with a larger number of banking relationships are …

Persistent link: https://www.econbiz.de/10012837473

Disaster in the Boardroom : Six Dysfunctions Everyone Should Understand

Brown, Gerry; Peterson, Randall S. - 2022

Part 1 -- Chapter 1: Where was the board? -- Chapter 2: The Faces of Disaster -- Chapter 3: Dealing with the consequences -- Chapter 4: Causes of dysfunctional culture -- {art 4 -- Chapter 5: The subordinated board: Facebook -- Chapter 6: The imbalanced board: Google -- Chapter 7 -- The...

Persistent link: https://www.econbiz.de/10012819067

Board industry experience, firm value, and investment behavior

Drobetz, Wolfgang; Meyerinck, Felix von; Oesch, David; … - 2014 - This version: September 2014

including a quasi-experimental setting based on director deaths. Firms with experienced boards are able to limit investment …

Persistent link: https://www.econbiz.de/10010408818

CEO Age, CEO Tenure, and Corporate Cash Holdings : Evidence from Listed Firms in Taiwan

Lee, Yung‐Chuan; Li, Chu-Shiu - 2022

-collected data from listed firms in Taiwan for the period 2010 to 2019. We find that CEO age has negative, while CEO tenure has … are controlling shareholders of listed firms in Taiwan. The policy implication of our results is that the authorities need …

Persistent link: https://www.econbiz.de/10014238727

Overseeing Controlling Shareholders : Do Independent Directors Constrain Tunneling in Taiwan?

Lin, Lauren Yu-Hsin - 2011

assess the extent to which independent directors in Taiwan constrain tunneling. Taiwan serves as an appropriate jurisdiction … directors were newly introduced to Taiwan's corporate boards, which traditionally follow the dual-board system. Nevertheless … controlling shareholders, in particular, the shareholder managers. The information needed to uncover abusive RPTs is among the …

Persistent link: https://www.econbiz.de/10013122039

From Double Board to Unitary Board System : Independent Directors and Corporate Governance Reform in Taiwan

Chang, Hsin-Ti - 2018

Persistent link: https://www.econbiz.de/10012936037