Cash holdings and business group membership
نویسندگان
چکیده
منابع مشابه
Effect of Business Groups Affiliation on Cash Holdings and Return on Equity
Nowadays, business groups play an outstanding role in financial markets. Corporates in the trading groups are able to use technology, capital, human resources, productions and services of other members in the group in addition to their own resources and capabilities. Thus, this paper studies the effect of business group affiliation on cash holdings and return on equity. The sample involves 94 c...
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Although a firm’s use of shorter-term debt can potentially help it to reduce agency costs of debt and align managers’ interests with those of shareholders, the use of this type of debt increases the firm’s refinancing risk. We hypothesize that firms with debt that has a shorter maturity hold larger cash reserves to reduce important costs they could incur if they have difficulty refinancing thei...
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ژورنال
عنوان ژورنال: Journal of Business Research
سال: 2014
ISSN: 0148-2963
DOI: 10.1016/j.jbusres.2013.01.019