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Corporate cash holdings and promoter ownership
C.P. Gupta,Prateek Bedi +1 more
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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
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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.
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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.
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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.
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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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Journal ArticleDOI
A Survey of Blockholders and Corporate Control
TL;DR: This paper surveys the empirical literature on large-percentage shareholders in public corporations, focusing on four key issues: the prevalence of blockholders, the motivation for block ownership, the effect of block shareholders on major corporate decisions, specifically executive compensation, leverage, and the incidence of takeovers.
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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,Robert Cull,Leora Klapper,Gregory F. Udell +5 more
TL;DR: In this article, 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, those undergoing privatization had particularly poor performance beforehand (selection effect), and these banks dramatically improved following privatization.
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A Survey of Blockholders and Corporate Control
TL;DR: The notion of diffuse stock ownership is well entrenched among economists as mentioned in this paper, and it started with Adam Smith's legendary warning in Wealth of Nations about the "negligence and profusion" that will result when those who manage enterprises are "rather of other people's money than of their own."
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Large Shareholder Activism in Corporate Governance in Developing Countries: Evidence from India
Jayati Sarkar,Subrata Sarkar +1 more
TL;DR: In this paper, the authors provided evidence on the role of large shareholders in monitoring company value with respect to a developing and emerging economy, India, whose corporate governance system is a hybrid of the outsider-dominated market based systems of the UK and the US, and the insider-dominated bank-based systems of Germany and Japan.
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Why Do Firms Hold Cash? Evidence from EMU Countries
TL;DR: In this article, 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.