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Politically connected outside directors and the value of cash holdings

Hyun, Jeong-Hoon; Kim, Natalie Kyung Won; Shin, Jae Yong - In: Finance research letters 62 (2024) 1, pp. 1-8

Persistent link: https://www.econbiz.de/10014530854

Board gender diversity and firm solvency : evidence from Scandinavia

García Blandón, Josep; Argilés Bosch, Josep Ma.; … - In: European management review : EMR 21 (2024) 1, pp. 251-259

Persistent link: https://www.econbiz.de/10014530929

Controlling Shareholder Entrenchment, Investor Protection, and Firm Cash Holding : Chinese Experience

Ni, Xiaoran - 2015

This paper shows that agency problems result from controlling-minority shareholder conflicts have a nonlinear causal relation with firm cash holding, and this relation hinges critically on the strength of investor protection. Using a direct measure of controlling shareholder's entrenchment...

Persistent link: https://www.econbiz.de/10013028138

An Empirical Analysis of the Determinants of the Cash Conversion Cycle in Kenyan Listed Non-Financial Firms

Mathuva, David - 2015

The purpose of this paper is to investigate whether non-financial firms listed on the Nairobi Securities Exchange (NSE) exhibit a target cash conversion cycle (CCC). The study also examines the speed of adjustment to the target CCC and the factors that influence corporate decisions on the...

Persistent link: https://www.econbiz.de/10013028254

Strategic Liquidation of a Limited Liability Firm

Alcock, Jamie - 2015

The decision of whether a firm should voluntarily liquidate, rather than continue trading, is a function of many parameters including uncertain future earnings, asset depreciation, and the firm's cost-of-debt. We develop an equity valuation model derived from the fundamental accounting equation...

Persistent link: https://www.econbiz.de/10013028830

The Disclosure and Valuation of Foreign Cash Holdings

Yang, Shuo - 2015

This paper studies the disclosure and valuation of foreign cash holdings using hand-collected data from 2010 to 2013. The SEC has been commenting on foreign cash in its review of 10-K filings since 2011. I find that the SEC tends to target big firms with limited growth and high permanently...

Persistent link: https://www.econbiz.de/10013029164

Increase in Cash Holdings : Pervasive or Sector-Specific?

Booth, Laurence David - 2015

We examine the difference in cash holdings between high-tech and non-high-tech firms from 1974 to 2007. The average cash-to-assets ratio of non-high-tech firms remained stable throughout the period. In contrast, the average cash ratio of high-tech firms more than tripled from 1980 to 2007. This...

Persistent link: https://www.econbiz.de/10013029189

State Ownership, Soft-Budget Constraints, and Cash Holdings : Evidence from China's Privatized Firms

Megginson, William L. - 2015

We study the relation between state ownership and cash holdings in China's share-issue privatized firms from 2000 to 2012. We find that the level of cash holdings increases as state ownership declines. For the average firm in our sample, a 10 percentage-point decline in state ownership leads to...

Persistent link: https://www.econbiz.de/10013031410

Political Instability, Corruption, and Corporate Cash Holdings : Evidence from Africa

Raghibi, Abdessamad; Shabbir, Malik - 2021

This paper aims to investigate how political determinants, namely political instability and the persistence of corruption, impact on corporate cash holding decisions in Africa. We used a sample of 541 listed firms from seven African countries over the period 2014–2019. We used a dynamic panel...

Persistent link: https://www.econbiz.de/10013227346

Entrepreneurial Decisions and Liquidity Constraints

Holtz-Eakin, Douglas; Joulfaian, David; Rosen, Harvey S. - 2021

This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic … conditional amounts of depreciable assets, ceteris paribus. If so, liquidity constraints are likely to be present. To be … the amount of capital employed. These findings are consistent with the presence of liquidity constraints …

Persistent link: https://www.econbiz.de/10013227883