This article reviews and integrates the empirical literature on the measurement of investment
efficiency in the areas of accounting and finance. We identify the theories behind the …

This paper provides a discussion of endogeneity as it relates to finance and accounting
research. We discuss the textbook solutions: two‐stage least squares, instrumental …

Cash holdings play an important role at the heart of firms' policies. Researchers have
devoted considerable attention to the dramatic increase in cash reserves despite alternative …

Purpose This paper aims to examine the relationship between earnings quality and
corporate cash holdings in an emerging economy. Existing literature posits that earnings …

Using a sample of US public firms from 1990 to 2017, we find that firms with higher stock
liquidity are associated with lower cash flow sensitivity of cash. An analysis of the market …

This article empirically examines the relationship between corporate governance and firm
financial performance, and the interplay of political connections of 150 non-financial listed …

This paper examines the relationship of board characteristics with cash holding, and the
interplay of political connections on this relationship. For this purpose, panel data of 150 non …

This article uses a survey of Australian corporate treasurers to shed light on the gap
between the theory and practice of corporate finance in Australia. Seven areas are …

This paper examines the controlling shareholders' propensity to increase Cash flow
sensitivity of cash in Indian firms. We hypothesize that the controlling shareholders' tendency …

This article aims to tell the “gamble of resurrection” story for small owner-managed firms.
Analyzing a set of private firms in Vietnam, we find that for firms that are less financially …