This study examines the role of insider holdings in affecting the decision to announce a repurchase and the associated announcement period stock returns using a conditional event study methodology. We find that firms are more likely to buy back shares if the insiders have large shareholdings and we find that the announcement period returns are greater for firms where insiders have larger holdin...

We examine the impact on firm cash holdings of uncertainty uncertainty, measured as ex post volatility economic policy uncertainty. Using news-based index developed by Baker et al. (2016) for twenty-two countries, we find that, when there is greater firms hold more cash. Our results are robust to controlling a host firm-level and country-level factors. Consistent with (2016), consider that less...

The management of cash requires careful considerations to allow firms benefit from proper resource allocations while mitigating agency issues. Accounting comparability can play an important role in tackling information asymmetry and cost, thus enabling managers hoard more cash. This research aims investigate the link between accounting holdings emerging market. Using a sample listed Vietnam 201...