Journal ArticleDOI
Corporate cash holdings and promoter ownership
C.P. Gupta,Prateek Bedi +1 more
Reads0
Chats0
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
More filters
Posted Content
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.
Journal ArticleDOI
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
More filters
Journal ArticleDOI
State Ownership, Soft-Budget Constraint and Cash Holdings: Evidence from China’s Privatized Firms
William L. Megginson,Zuobao Wei +1 more
TL;DR: Li et al. as discussed by the authors studied the relation between state ownership and cash holdings in China's share-issue privatized firms from 1993 to 2007 and found that the level of cash holdings declines as state ownership increases.
Journal ArticleDOI
The Impact of Corporate Governance on Investment Returns in Developed and Developing Countries
TL;DR: In this paper, the authors shed light on three conundrums in the literature on investment: why investments out of different sources of finance earn different returns, why different studies report different patterns of returns across sources of Finance, and why companies in developing countries make greater use of external equity capital to finance their investment than do companies in developed countries.
Journal ArticleDOI
Cash holdings and corporate governance in family-controlled firms☆
TL;DR: In this paper, the authors examined the association between corporate governance and cash policy within family-controlled firms and found that the impact of corporate governance, with its separation of control rights and cash flow rights, and the proportion of independent directors on cash policy, differs between family controlled and non-family controlled firms.
Journal ArticleDOI
Alignment or entrenchment? Corporate governance and cash holdings in growing firms ☆
Yenn-Ru Chen,Wei-Ting Chuang +1 more
TL;DR: In this article, the authors examined the effects of corporate governance on cash holdings for a sample of high-tech firms and found that the boards are more effective when the firms' CEOs are also their founders or when VCs hold a large stake of company shares.
Journal ArticleDOI
Pyramiding vs leverage in corporate groups: International evidence
TL;DR: This article showed that when creditor protection is weak, the controlling shareholder no longer prefers pyramiding in bad states, because creditors will not be able to seize the firm in good states.