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    Three Essays on CEO Characteristics and Corporate Financing Decisions

    Access Status
    Fulltext not available
    Embargo Lift Date
    2022-12-09
    Authors
    Islam, Md. Ariful
    Date
    2020
    Supervisor
    Nigar Sultana
    Harj Singh
    Imran Haider
    Type
    Thesis
    Award
    PhD
    
    Metadata
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    Faculty
    Business and Law
    School
    School of Accounting
    URI
    http://hdl.handle.net/20.500.11937/82065
    Collection
    • Curtin Theses
    Abstract

    This thesis examines the relationship between CEO characteristics, namely CEO power, CEO outsider, with corporate financing decisions, specifically corporate cash holdings and dividend policy. The study finds that powerful CEOs prefer higher cash holdings whereas outsider CEOs are initially interested in reducing cash holdings but such CEOs revert to increasing cash holdings to tunnel cash through dividend payouts. Finally, although powerful CEOs adopt dividend payment decision, such CEOs reduce the quantum of the actual dividend.

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