Corporate cash holdings and monetary shocks: A test of the credit channel theory

2020 ◽  
Author(s):  
Yiling Deng ◽  
Haibo Yao
Keyword(s):  
Cash Holdings ◽  
Monetary Shocks ◽  
Credit Channel ◽  
Corporate Cash Holdings ◽  
Channel Theory

Personal Taxes and Corporate Cash Holdings

2020 ◽  
Author(s):  
Jens Dick-Nielsen ◽  
Kristian Risgaard Miltersen ◽  
Ramona Westermann
Keyword(s):  
Cash Holdings ◽  
Personal Taxes ◽  
Corporate Cash Holdings

Corporate cash holdings and their implications on firm value in family and founder firms

2012 ◽  
Vol 9 (2) ◽  
pp. 257-273 ◽  
Author(s):  
James Lau ◽  
Joern H. Block
Keyword(s):  
Adverse Selection ◽  
Interaction Effect ◽  
Firm Value ◽  
Family Firms ◽  
Cash Holdings ◽  
Agency Cost ◽  
Economic Incentives ◽  
Positive Interaction ◽  
Superior Knowledge ◽  
Corporate Cash Holdings

This research investigates whether the presence of controlling founders and families has significant impact on the level of cash holdings, and their implications on firm value. The agency cost of cash holdings in founder firms is arguably less severe than family firms, due to founders’ economic incentives, strong psychological commitment and superior knowledge, whereas family firms are exposed to adverse selection and moral hazard as a result of altruism. Results indicate that founder firms hold a significantly higher level of cash holdings than family firms. In addition, there is a positive interaction effect between founder management and cash holdings on firm value, suggesting the presence of founders as managers helps to mitigate the agency costs of cash holdings.

Market value of 10-K readability and corporate cash holdings

2021 ◽  
Vol 201 ◽  
pp. 109796
Author(s):  
Sanghak Choi ◽  
Chune Young Chung ◽  
Daejin Kim ◽  
Junyoup Lee
Keyword(s):  
Cash Holdings ◽  
Market Value ◽  
Corporate Cash Holdings

Blockholder exit threats and corporate cash holdings

2021 ◽  
Author(s):  
Lingna Sun ◽  
Hieu V. Phan ◽  
Thuy Simpson
Keyword(s):  
Cash Holdings ◽  
Corporate Cash Holdings
Sign in / Sign up

Export Citation Format

Share Document