The purpose of this research is to investigate whether there is an optimal cash holding ratio, in which firm's performance can be maximized. The threshold regression model is applied to test the threshold effect of the cash holding ratio on firm's performance of 306 non-financial companies...

This paper investigates the association between the characteristics of business entities, corporate governance, and practices of risk disclosure. Notably, the objective of this paper is to examine the impact of the characteristics of business entities and corporate governance on risk disclosure...

In this paper, we evaluate firm-, industry- and country-specific factors determining a firm's capital structure. The empirical validity of several capital structure theories has been ambiguous so far. We shed light on the main drivers of leverage and depict differences in industry and country...