Do Corporate Governance Mechanisms Matter for Cash Holdings and Firm Value?

• Main Author: KUSNADI, Yuanto
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2011
• Subjects: Corporate governance mechanisms; Cash holdings; Firm value; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1141; http://dx.doi.org/10.1016/j.pacfin.2011.04.002
• Institution: Singapore Management University

This paper examines the relationships between firm-level corporate governance mechanisms and cash holdings; along with their combined effects on firm value for a sample of firms listed in Singapore and Malaysia. Firms with less effective governance attributes are found to be more inclined to accumul...