Xu, Canyu; Hu, Zhiying; Liang, Shangkun - In: China journal of accounting research : CJAR 14 (2021) 1, pp. 25-42
Faultlines can affect a board of director’s effectiveness in supervising senior managers, which in turn affects the value of a company’s cash holdings. Based on sample data from Chinese A-share listed companies from 2004 to 2016, we examine the relationship between board faultlines and the...