Agency Costs in the Era of Economic Crisis – The Enhanced Connection between CEO Compensation and Corporate Cash Holdings

2011 ◽  
Author(s):  
Mira Ganor
Keyword(s):  
Economic Crisis ◽  
Agency Costs ◽  
Ceo Compensation ◽  
Cash Holdings ◽  
Corporate Cash Holdings

scholarly journals Determinants of corporate cash holdings in times of crisis: insights from Brazilian sugarcane industry private firms

2018 ◽  
Vol 21 (2) ◽  
pp. 201-218 ◽  
Author(s):  
Aviner Augusto Silva Manoel ◽  
Marcelo Botelho da Costa Moraes ◽  
David Ferreira Lopes Santos ◽  
Marcos Fava Neves
Keyword(s):  
Economic Crisis ◽  
Cash Holdings ◽  
Private Firms ◽  
Decision Making Process ◽  
Subprime Crisis ◽  
Public Companies ◽  
Adverse Conditions ◽  
Privately Held Firms ◽  
Corporate Cash Holdings ◽  
Sugarcane Industry

The decision-making process regarding cash allocation, especially in times of recession, is somewhat challenging. Thus, the aim of this study is to evaluate the effects of the financial crisis in cash holdings of privately-held firms in the Brazilian sugarcane industry. For this purpose, a unique, hand-collected panel data of 31 firms for the period from 1998 to 2015 was used. The results show that the private firms of the industry maintain higher levels of cash than the average found by studies with Brazilian public companies. Furthermore, between the two dummy variables used, representing the subprime crisis and the most recent economic crisis in Brazil, only the second one was significant. Finally, in order to overcome the adverse conditions of the current Brazilian economic crisis, it was observed an increase in cash holdings, which, in turn, denotes the relevance of precautionary reasons in the understanding of cash management.

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
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