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
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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.
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
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Journal ArticleDOI
Does governance travel around the world? Evidence from institutional investors.
TL;DR: In this article, the authors examined whether institutional investors affect corporate governance by analyzing portfolio holdings of institutions in companies from 23 countries during the period 2003-2008 and found that firm-level governance is positively associated with international institutional investment.
Journal ArticleDOI
Behind the scenes: the corporate governance preferences of institutional investors
TL;DR: The authors survey institutional investors to understand their role in the corporate governance of firms and find that most investors use proxy advisors and believe that the information provided by such advisors improves their own voting decisions.
Journal ArticleDOI
Does the Contribution of Corporate Cash Holdings and Dividends to Firm Value Depend on Governance? A Cross‐country Analysis
TL;DR: In this article, Pinkowitz and Williamson used various specifications of the valuation regressions of Fama and French (1998) to find that the relation between cash holdings and firm value is much weaker in countries with poor investor protection than in other countries.
Report SeriesDOI
Estimation in dynamic panel data models: Improving on the performance of the standard GMM estimator
TL;DR: In this paper, the use of the "system" GMM estimator that relies on relatively mild restrictions on the initial condition process has been discussed, which has substantial asymptotic efficiency gains.
Journal ArticleDOI
Economic Performance of Group-Affiliated Companies in Korea: Intragroup Resource Sharing and Internal Business Transactions
Sea-Jin Chang,Jaebum Hong +1 more
TL;DR: In this article, the economic performance of the firms associated with Korean business groups by explicitly addressing groupwide resource sharing and internal business transactions was examined, and the results showed that the performance of these firms was positively associated with the Korean economy.