This study investigates the role of ownership and control structure of firms when determining their cash holdings and focuses mainly on the association between excess control rights and cash holdings. Using a sample of Taiwanese publicly listed companies from 1997 to 2009, this study shows that...

This study examines the incremental information content of components of earnings by regressing future net income of earnings¡¯ components in a series of multivariate models. We find that the components of operating cash flow and accruals provide more information to effectively predict future...

This study examines the association between corporate governance and cash policy within family-controlled firms. Family businesses are complex, because, in addition to dealing with common business requirements and opportunities, they must consider the needs and desires of the family owners. The...