Purpose This paper aims to study the impact of human resource heterogeneity on firms’ cash-holding policies. Design/methodology/approach The authors construct a proxy for using dissimilarity in employees’ skill structure between firm and its peers same industry. Findings report evidence that firms with heterogeneous resources hold more cash than other firms. effect is pronounced labor-intensive...

In this research, we investigate how cash holdings are affected by the environmental, social, and governance (ESG) disclosure practices of corporations. This research provides valuable insights into ongoing discussion all across world on ESG disclosure, mainly 5 countries from Organisation for Economic Co-operation Development (OECD), which United States America, Canada, Kingdom, Japan, Austral...

Using a unique data set of investment projects from India, we examine how business groups choose between implementing a new project within an existing firm (“integration”) versus implementing in a new firm (“non-integration”). While industry commonality is an important determinant of this choice, we document that it is also common for groups to house diversification projects in existing firms. ...

Purpose: Prior studies show that inventory holding is closely linked to liquidity and procyclical dependent on the combination of macroeconomic firm characteristics. Thus, conditional linear factor models such as OLS should fail explain inventory-holding motive, especially in context developing countries. This study seeks empirically investigate determinants corporate based evidence from pharma...

We investigate a tool which small manufacturers engaging in international supply contracts can use to dampen the variations in their income caused by exchange rate uctuations. The method we study involves contractual speci cations for a minimum purchase quantity with the buyer. The particular case we consider is that of a smaller manufacturer providing a product to a large overseas corporation,...

The scope of this study is to examine the impact board gender diversity on corporate cash-holding decisions within European sport and leisure sector. A sample 125 unique firms was selected for period from 2008 2019, analysis performed using panel fixed-effects regressions. Empirical evidence documented that higher number women serving directors, level cash firm holds. This result attributed cri...

In the manufacturing supply chain, there is a tripartite relationship between upstream suppliers, midstream enterprises and downstream customers. The chain environment changing from competition to cooperation. Based on perspective of study impact cash holdings business credit in Zhejiang Province conducive comprehensive review Province, enhance their competitive position chain. It found that ho...

Treasury departments of financial institutions often view the management of physical cash as an unavoidable but necessary part of their business – and usually not as core to their business activities. Yet, on the other hand, cash is perceived as sensitive and in most cases cannot be outsourced completely. At the same time, even after many years of ongoing payment innovations, cash is by far sti...