Back to Search
Start Over
Investment Committee, Corporate Cash Holdings and Corporate Life Cycle.
- Source :
- International Review of Finance; Sep2020, Vol. 20 Issue 3, p757-769, 13p
- Publication Year :
- 2020
-
Abstract
- We investigate the association between voluntary formation of board investment committee (IC) and corporate cash holdings of nonfinancial firms over the corporate life cycle stages for a large sample of Gulf Cooperation Council firms during 2005–2016. We find that IC increases corporate cash holdings in growth and maturity stages of firm, compared to introduction, shake‐out, and decline stages. These results have important implications for investors, policy makers, and regulators. Our findings are robust to various econometrics specifications. [ABSTRACT FROM AUTHOR]
- Subjects :
- ECONOMETRICS
COMMITTEES
INVESTORS
TECHNICAL specifications
BUSINESS enterprises
Subjects
Details
- Language :
- English
- ISSN :
- 1369412X
- Volume :
- 20
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- International Review of Finance
- Publication Type :
- Academic Journal
- Accession number :
- 145532533
- Full Text :
- https://doi.org/10.1111/irfi.12240