Back to Search Start Over

Investment Committee, Corporate Cash Holdings and Corporate Life Cycle.

Authors :
Eulaiwi, Baban
Al‐Hadi, Ahmed
Hussain, Syed Mujahid
Al‐Yahyaee, Khamis Hamed
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]

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