Did the Sarbanes-Oxley Act Have the Desired Effect? Evidence from the Marginal Value of Corporate Cash Holdings

2014 ◽  
Author(s):  
Gurmeet S. Bhabra ◽  
Jacob Rooney
Keyword(s):  
Cash Holdings ◽  
Marginal Value ◽  
Sarbanes Oxley ◽  
Corporate Cash Holdings

Cash Is Not Always King: Economic Policy Uncertainty and the Marginal Value of Corporate Cash Holdings

2021 ◽  
Author(s):  
Ziwen Bu ◽  
Ahmet Karpuz ◽  
Rongbing Xiao ◽  
Huainan Zhao
Keyword(s):  
Economic Policy ◽  
Cash Holdings ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Marginal Value ◽  
Corporate Cash Holdings

Labor Union Effect on Corporate Cash Holdings and Their Marginal Value

2018 ◽  
Vol 54 (6) ◽  
pp. 1391-1413 ◽  
Author(s):  
Minshik Shin ◽  
Sooeun Kim ◽  
Jongho Shin ◽  
Jaeik Lee
Keyword(s):  
Labor Union ◽  
Cash Holdings ◽  
Marginal Value ◽  
Corporate Cash Holdings

The Effects of Firm Diversification on the Marginal Value of Corporate Cash Holdings

2019 ◽  
Vol 17 (1) ◽  
pp. 3-35
Author(s):  
Minshik Shin ◽  
Jaeik Lee ◽  
Sooeun Kim
Keyword(s):  
Cash Holdings ◽  
Marginal Value ◽  
Firm Diversification ◽  
Corporate Cash Holdings

Financial Constraints, R&D Investment, and the Value of Cash Holdings

2015 ◽  
Vol 05 (04) ◽  
pp. 1550011 ◽  
Author(s):  
Laurence Booth ◽  
Christos Ntantamis ◽  
Jun Zhou
Keyword(s):  
Financial Constraints ◽  
Cash Holdings ◽  
Alternative Methods ◽  
Development Activity ◽  
Marginal Value ◽  
Value Of Cash ◽  
The Status ◽  
Alternative Measures ◽  
Corporate Cash Holdings ◽  
D Investment

Existing studies document that cash holdings are more valuable for financially constrained firms than for financially unconstrained firms. We investigate whether the relation between financial constraints and the value of corporate cash holdings varies across firms with different engagement in research and development activity. Among firms with R&D investment, the marginal value of cash is significantly higher for financially constrained firms than unconstrained ones, whereas this difference is weak among firms without R&D investment. Our findings are robust to alternative measures of financial constraints and alternative methods to define R&D intensity. Our study extends the cash literature by showing that the value of cash holdings is affected by the status of financial constraints and the nature of investment jointly.

The Influence of a Credit Rating Change on Corporate Cash Holdings and Their Marginal Value

2012 ◽  
Vol 47 (2) ◽  
pp. 351-373 ◽  
Author(s):  
Hinh D. Khieu ◽  
Mark K. Pyles
Keyword(s):  
Credit Rating ◽  
Cash Holdings ◽  
Marginal Value ◽  
Corporate Cash Holdings ◽  
Rating Change

Time Variation in the Marginal Value of Firms' Cash Holdings

2012 ◽  
Author(s):  
Michael O'Connor Keefe ◽  
Robert L. Kieschnick
Keyword(s):  
Time Variation ◽  
Cash Holdings ◽  
Marginal Value

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
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