Journal ArticleDOI
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.
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.
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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 century of capital structure: The leveraging of corporate America
TL;DR: In this article, a combination of stable debt usage among regulated firms and a decrease in the fraction of aggregate assets held by regulated firms over this period resulted in a relatively stable economywide leverage ratio during the 20th century.
Journal ArticleDOI
Controlling shareholder, expropriations and firm's leverage decision: Evidence from Chinese Non-tradable share reform
Qigui Liu,Gary Gang Tian +1 more
TL;DR: This paper examined the effect of excess control rights on the leverage decisions made by Chinese non-SOEs before and after the non-tradable share reform (NTS) and found that firms with control rights have more excess leverage and their controlling shareholders use the resources for tunneling rather than investing in positive NPV projects.
Journal ArticleDOI
The Relation between Firm-Level Corporate Governance and Market Value: A Study of India
TL;DR: In this article, a detailed overview of the practices of publicly traded firms in India, and identify areas where governance practices are relatively strong or weak relative to developed countries, is provided.
Book ChapterDOI
Blockholders: A Survey of Theory and Evidence
TL;DR: A review of the theoretical and empirical literature on the role of blockholders in corporate governance can be found in this paper, where a simple unifying model is presented to present theories of blockholder governance through both voice (direct intervention) and exit (selling one's shares).
Journal ArticleDOI
The financial determinants of corporate cash holdings: Evidence from some emerging markets
TL;DR: In this article, the authors investigate the effect of capital structure and dividend policy on cash holdings in developing countries and compare their results with a control sample from the US and the UK.