Does executive ownership lead to excess target cash? The case of UK firms
نویسندگان
چکیده
منابع مشابه
Does Information Technology Lead to Smaller Firms?
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملImpact of Institutional Ownership and Board Independence on the Relationship Between Excess Free Cash Flow and Earnings Management
However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...
متن کاملThe impact of ownership characteristics on persistent high-cash and low-leverage policies: Evidence from UK firms
This paper investigates the characteristics of firms that adopt persistent conservative financial policies. We are mainly interested in the determinants of the likelihood of firms adopting the persistent policies of low-leverage and high-cash holdings simultaneously. In this paper, we classify firms as financially conservative if they adopt both low-leverage and high-cash policies at the same t...
متن کاملExecutive Turnover in UK Firms: the impact of Cadbury
This study examines the determinants of non-routine CEO departure in a comprehensive sample of UK listed firms between 1990 and 1995. It looks at whether the Cadbury Report, published in December 1992 has had an impact on the agency problem of managerial entrenchment. I find a strong negative relationship between firm performance and the probability of non-routine CEO departure, with evidence t...
متن کاملPerformance Effects of Appointing Other Firms’ Executive Directors to Corporate Boards: An Analysis of UK Firms
Performance Effects of Appointing Other Firms’ Executive Directors to Corporate Boards: An Analysis of UK Firms This paper studies the effect on company performance of appointing non-executive directors that are also executive directors in other firms. The analysis is based on a new panel dataset of UK companies over 2002-2008. Our findings suggest a positive relationship between the presence o...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Corporate Governance: The International Journal of Business in Society
سال: 2017
ISSN: 1472-0701
DOI: 10.1108/cg-02-2017-0028