Stock market liberalisation and corporate cash holdings: evidence from China

2021 ◽  
Author(s):  
Jianqiao Huang ◽  
Yunsen Chen ◽  
Xin Dai ◽  
Xiaoran Ni
Keyword(s):  
Stock Market ◽  
Cash Holdings ◽  
Market Liberalisation ◽  
Corporate Cash Holdings

Corporate Cash Holdings and Financial Crisis: Evidence from Developing and Developed Markets

2014 ◽  
Author(s):  
Erdinc Akyildirim ◽  
Ibrahim Ethem GGney
Keyword(s):  
Financial Crisis ◽  
Cash Holdings ◽  
Developed Markets ◽  
Corporate Cash Holdings

Transient Institutional Ownership, Costly External Finance, and Corporate Cash Holdings

2020 ◽  
Author(s):  
Hyun Joong Im ◽  
Heungju Park ◽  
Shams Pathan ◽  
Robert W. Faff
Keyword(s):  
Cash Holdings ◽  
Institutional Ownership ◽  
External Finance ◽  
Corporate Cash Holdings

Personal Taxes and Corporate Cash Holdings

2020 ◽  
Author(s):  
Jens Dick-Nielsen ◽  
Kristian Risgaard Miltersen ◽  
Ramona Westermann
Keyword(s):  
Cash Holdings ◽  
Personal Taxes ◽  
Corporate Cash Holdings

The Financial Determinants of Corporate Cash Holdings: Does Shariah-Compliance Matter?

2020 ◽  
Author(s):  
Faisal Alnori ◽  
Abdullah salem Bugshan ◽  
Walid Bakry
Keyword(s):  
Cash Holdings ◽  
Corporate Cash Holdings

Corporate cash holdings and their implications on firm value in family and founder firms

2012 ◽  
Vol 9 (2) ◽  
pp. 257-273 ◽  
Author(s):  
James Lau ◽  
Joern H. Block
Keyword(s):  
Adverse Selection ◽  
Interaction Effect ◽  
Firm Value ◽  
Family Firms ◽  
Cash Holdings ◽  
Agency Cost ◽  
Economic Incentives ◽  
Positive Interaction ◽  
Superior Knowledge ◽  
Corporate Cash Holdings

This research investigates whether the presence of controlling founders and families has significant impact on the level of cash holdings, and their implications on firm value. The agency cost of cash holdings in founder firms is arguably less severe than family firms, due to founders’ economic incentives, strong psychological commitment and superior knowledge, whereas family firms are exposed to adverse selection and moral hazard as a result of altruism. Results indicate that founder firms hold a significantly higher level of cash holdings than family firms. In addition, there is a positive interaction effect between founder management and cash holdings on firm value, suggesting the presence of founders as managers helps to mitigate the agency costs of cash holdings.

Market value of 10-K readability and corporate cash holdings

2021 ◽  
Vol 201 ◽  
pp. 109796
Author(s):  
Sanghak Choi ◽  
Chune Young Chung ◽  
Daejin Kim ◽  
Junyoup Lee
Keyword(s):  
Cash Holdings ◽  
Market Value ◽  
Corporate Cash Holdings
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