Journal ArticleDOI
Corporate cash holdings and promoter ownership
C.P. Gupta,Prateek Bedi +1 more
TLDR
In this article, the authors examined the relationship between corporate cash holdings and promoter ownership for a sample of Indian non-financial firms and found that promoter ownership is negatively associated with cash holdings, thereby highlighting the role of large owners in preventing cash accretion.About:
This article is published in Emerging Markets Review.The article was published on 2020-09-01. It has received 18 citations till now. The article focuses on the topics: Cash management & Cash.read more
Citations
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On making causal claims : A review and recommendations
TL;DR: In this article, the authors present methods that allow researchers to test causal claims in situations where randomization is not possible or when causal interpretation could be confounded; these methods include fixed-effects panel, sample selection, instrumental variable, regression discontinuity, and difference-in-differences models.
Journal ArticleDOI
Cash-rich firms and carbon emissions
TL;DR: In this article , the authors investigate whether corporate cash holdings affect carbon dioxide emissions and find that carbon emissions are lower in firms with higher corporate cash holding. But, the effect of cash holdings on carbon emissions is more pronounced in firms having low leverage and less financial constraints.
Journal ArticleDOI
National Governance and Corporate Liquidity in Organization of Islamic Cooperation Countries: Evidence based on a Sharia-compliant Liquidity Measure
Naiwei Chen,Min-Teh Yu +1 more
TL;DR: In this article, the determination of corporate liquidity in Organization of Islamic Cooperation (OIC) countries with emphasis on whether and how national governance has bearings on corporate liquidity was investigated, and the results suggest that NG improves corporate governance in OIC countries.
Journal ArticleDOI
Multiple large shareholders, control contests, and forced CEO turnover
Ruohan Zhong,Yanxi Li,Yun Wang +2 more
TL;DR: Li et al. as discussed by the authors used manually collected data of Chinese listed non-financial corporations to find that multiple large shareholders inhibit performance sensitivity to forced CEO turnover and are unrelated to forced turnover-integrity sensitivity.
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Financial Distress, COVID-19 and Listed SMEs: A Multi-methodology Approach
K. Singh,Shailesh Rastogi +1 more
TL;DR: In this article , the authors examine how corporate governance forms like promoters' ownership, financial performance and market competition affect the distress of listed SMEs, both in the pre-COVID-19 era and during the COVID19 period.
References
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Corporate Governance and Bank Performance: A Joint Analysis of the Static, Selection, and Dynamic Effects of Domestic, Foreign, and State Ownership
Allen N. Berger,Allen N. Berger,George R. G. Clarke,Gregory F. Udell,Robert Cull,Leora Klapper +5 more
TL;DR: In this paper, the authors jointly analyzed the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance in Argentina in the 1990s and found that state-owned banks have poor long-term performance and those undergoing privatization had particularly poor performance beforehand.
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Why Do Firms Hold Cash? Evidence from EMU Countries
TL;DR: In this paper, the determinants of corporate cash holdings in EMU countries were investigated and it was shown that cash holdings are positively affected by the investment opportunity set and cash flows and negatively affected by asset's liquidity, leverage and size.
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Large Shareholders and the Monitoring of Managers: The Case of Antitakeover Charter Amendments
TL;DR: This paper examined the role of large shareholders in monitoring managers when they propose antitakeover charter amendments and found a statistically significant positive relation between institutional ownership and stockholder wealth effects of various types of amendments, after controlling for ownership concentration among institutions, managerial ownership, and firm size.
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Affiliated firms and financial support: Evidence from indian business groups.
TL;DR: In this article, the authors investigate the functioning of internal capital markets in Indian Business Groups and find that the first bankruptcy in a group is followed by significant drops in external financing, investments and profits of other firms in the group and an increase in their bankruptcy probability.
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Why do firms hold so much cash? A tax-based explanation
TL;DR: In this paper, the authors developed and tested the hypothesis that the magnitude of US multinational cash holdings are, in part, a consequence of the tax costs associated with repatriating foreign income, and found that less financially constrained firms and those that are more technology intensive exhibit a higher sensitivity of affiliate cash holdings to repatriation tax burdens.