Investment Committee, Corporate Cash Holdings and Corporate Life Cycle
MetadataShow full item record
© 2018 International Review of Finance Ltd. 2018 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.
Showing items related by title, author, creator and subject.
The Relationship between Corporate Sustainability and Corporate Financial Performance: A conceptual reviewShamil, M.; Shaikh, Junaid; Ho, Poh-Ling; Krishnan, Anbalagan (2012)Corporate sustainability is emerging as a separate body of knowledge influenced by wider application in firms and industries, supported by global initiatives. So far studies have focused on the linear relationship between ...
Corporate performance criteria in Australia and Thailand : individual tasks and roles of company directorsBoriboonsate, Patchareewan (2011)Weaknesses in corporate governance systems in many countries have caused consequences within a country and across borders; they have stirred the need for corporate governance reform in many parts of the world. At the top ...
Raja Ahmad, Raja Adzrin (2010)This thesis derives important insights concerning the corporate philanthropic discourse of Australian listed firms. Corporate philanthropic discourse is analysed in two phases: (i) corporate philanthropic communication ...