Firm Value, Cash Holdings and Information Asymmetry
This study examines two conflicting hypotheses. First, based on Myers and Majluf (1984), cash holdings in combination with a higher level of information asymmetry have a positive influence on firm value because the adverse selection costs arising from external finance can be avoided. Second, Jensen&...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Shahid Bahonar University of Kerman
2012-01-01
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| Series: | مجله دانش حسابداری |
| Subjects: | |
| Online Access: | https://jak.uk.ac.ir/article_7_ad979d73b7d0fb01d229fdf0016a440b.pdf |