This study develops a firm life cycle proxy using cash flow patterns. The patterns provide a
parsimonious indicator of life cycle stage that is free from distributional assumptions (ie …

Accounting studies often encounter observations with extreme values that can influence
coefficient estimates and inferences. Two widely used approaches to address influential …

Firms increasingly issue shares for the purpose of cash savings. During the 1970s, 1.00
ofissuanceresultedin 0.23 of cash savings; over the most recent decade, 1.00 …

This study contributes to a better understanding of the determinants of corporate cash
holdings and their effects on firm value. First, the extensive theoretical basis of corporate …

This paper examines the extent to which Chief Financial Officers (CFOs) affect corporate
cash holding policies. We construct an index (CFO index) that enables us to distinguish …

This paper analyzes cash holding determinants around different regions of the world
including Asia Pacific, Europe, Africa, North America, Middle East and South America. The …

Purpose This paper aims to examine the impact of corruption on firm performance
considering the interventional role of cash policy in the emerging market of Greece …

This study examines the impact of penalties assessed to publicly traded firms by the US
Environmental Protection Agency (EPA). Specifically, we look at whether there is an impact …

Purpose This paper examines the role of managerial discretion in the relation between
managerial ability on the level of corporate cash. Design/methodology/approach Conjoining …

Cash is an important strategic asset for firms and scholars have a longstanding interest in
the optimum level of a firm's cash holdings. In this study, we revisit the relationship between …