Does CEO risk-taking entrepreneurial spirit matter in firm cash holdings?
نویسندگان
چکیده
The psychological factors of senior executives have an important impact on the firm’s financial policies. In this paper, we investigate association between CEO risk-taking entrepreneurial spirit and firm cash holdings, find that firms with higher less holdings. Further, financing constraints can mitigate negative whereas needs enhances them. Mechanism test illustrates affects holdings through corporate investment. Finally, results reveal not only promotes value but also is significantly positively associated both accounting performance market performance. Our findings shed lights executive decisions implications for cash-holding listed firms.
منابع مشابه
CEO Reputation and Corporate Cash Holdings
The work presented in this thesis is, to the best of my knowledge and belief, original, except as acknowledged in the text. The material has not been submitted, either in whole or in part, for a degree at this or any other university. I Acknowledgements I would like to express my deepest gratitude towards Dr. Kelvin Tan, whose insightful guidance, generous help and encouragement have helped me ...
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ژورنال
عنوان ژورنال: China journal of accounting studies
سال: 2023
ISSN: ['2169-7213', '2169-7221']
DOI: https://doi.org/10.1080/21697213.2023.2239667