Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Entire DC Network
Corporate Cash Holdings, Firm Performance, And Ceo Compensation, Dhruba Banjade
Corporate Cash Holdings, Firm Performance, And Ceo Compensation, Dhruba Banjade
Finance and Real Estate Dissertations
The dissertation consists of three essays. The first essay investigates the relationship between corporate cash holdings and firm performance in new and old economy firms. Results show that firm performance increases when they maintain cash balances at or slightly above a certain level (optimum level). However, their performance degrades if they hold cash at levels beyond the optimum. Furthermore, I find that new economy firms hold more cash relative to their old economy counterparts. Corporate governance and balanced board structure also impact cash holdings and firm performance. I find that as institutional ownership increases, firm performance increases due to better …
Essays On Product Market Dynamics And Corporate Cash Holdings Across Countries, Trang Thuy Thai
Essays On Product Market Dynamics And Corporate Cash Holdings Across Countries, Trang Thuy Thai
Finance and Real Estate Dissertations
My dissertation is composed of two essays that investigate two related yet distinct dynamics of product market and their influence on corporate cash holdings, and both are concerned with these dynamics being determinants of cash policy for international samples over the period of 1999-2015. The samples for the first and second essays respectively cover fourteen and ten countries that span not only developed countries but also emerging economies. The first essay focuses on the impact of product market competition risk on corporate cash level. I construct a composite score of competition that captures three horizontal dimensions of product pricing competition …