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Two Essays On Managerial Horizon, Cash Holdings And Earnings Management, Sanjib Guha
Two Essays On Managerial Horizon, Cash Holdings And Earnings Management, Sanjib Guha
Theses and Dissertations in Business Administration
U.S. corporations are now sitting on an enormous stockpile of cash. Academicians and practitioners alike have tried to understand the reasons why companies are holding on to so much cash. Numerous studies have explored the various motives for holding cash. Many researchers have tried to correlate excess cash holding with particular firm characteristics. This dissertation analyzes the correlations that exist between excess cash holding and some measurable managerial characteristics. This dissertation examines if managerial horizon has any impact on excess cash holding. It also examines if managerial horizon and excess cash has any impact on firm value. Four different measures …