Effect of the structure of the board of directors on cash holdings of publicly traded companies
The board of directors is an important internal mechanism ofcorporate governance, since its primary function is to monitor the actions of the executive board, which reduces possible managerial failures. In this sense, this study aims to verify the effect ofthe structureofthe board of directorson cas...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidade Federal do Ceará
2020-12-01
|
| Series: | Contextus |
| Subjects: | |
| Online Access: | http://periodicos.ufc.br/contextus/article/view/44362 |
| Summary: | The board of directors is an important internal mechanism ofcorporate governance, since its primary function is to monitor the actions of the executive board, which reduces possible managerial failures. In this sense, this study aims to verify the effect ofthe structureofthe board of directorson cash holdings of publicly traded companiesin the period between 2010 and 2018. The data were analyzed bymultiple and quantile regressions and the results showed thatthe boardindependence, CEO duality and the board size positively affect the amount of cash by publicly traded companies. |
|---|---|
| ISSN: | 1678-2089 2178-9258 |