Based on the data of China's A-share listed companies from 2007 to 2020, this paper studies impact common institutional ownership corporate cash holdings. The results show that can significantly reduce level Further analysis shows internal governance mechanism will regulate relationship between and In enterprises without executive equity incentive, have a stronger inhibitory effect

We examine the relation between employee protection legislation and corporate cash holdings. Our rationale rests on notion that higher labor adjustment costs increase a firm's operating leverage making firms to adjust their liquidity management by increasing precautionary savings. Consistent with this, we show staggered passage of legal exceptions “at-will” employment doctrine in various U.S. s...

Cette étude examine la relation entre diversité de genre dans les conseils d’administration et trésorerie (c’est-à-dire le risque liquidité) excédentaire des entreprises d’agence). En utilisant un échantillon sociétés françaises cotées à l’indice SBF 120 sur période 1998-2015, nous constatons une positive significative au sein surveillance pour deux mesures ratio ajusté par secteur) négative av...