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: | , |
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| Format: | Article |
| Language: | English |
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Universidade Federal do Ceará
2020-12-01
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| Series: | Contextus |
| Subjects: | |
| Online Access: | http://periodicos.ufc.br/contextus/article/view/44362 |
| _version_ | 1818339456708509696 |
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| author | Marília Paranaíba Ferreira Ernesto Fernando Rodrigues Vicente |
| author_facet | Marília Paranaíba Ferreira Ernesto Fernando Rodrigues Vicente |
| author_sort | Marília Paranaíba Ferreira |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-13T15:27:18Z |
| format | Article |
| id | doaj.art-9df69bef586f4239ac6a7271f3599977 |
| institution | Directory Open Access Journal |
| issn | 1678-2089 2178-9258 |
| language | English |
| last_indexed | 2024-12-13T15:27:18Z |
| publishDate | 2020-12-01 |
| publisher | Universidade Federal do Ceará |
| record_format | Article |
| series | Contextus |
| spelling | doaj.art-9df69bef586f4239ac6a7271f35999772022-12-21T23:40:18ZengUniversidade Federal do CearáContextus1678-20892178-92582020-12-011827528910.19094/contextus.2020.44362Effect of the structure of the board of directors on cash holdings of publicly traded companiesMarília Paranaíba Ferreira0https://orcid.org/0000-0003-4290-8589Ernesto Fernando Rodrigues Vicente1https://orcid.org/0000-0002-1992-9982Federal University of Santa Catarina (UFSC)Federal University of Santa Catarina (UFSC)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.http://periodicos.ufc.br/contextus/article/view/44362cash holdingsboard of directorscorporate governancepublicly traded companiesagency theory |
| spellingShingle | Marília Paranaíba Ferreira Ernesto Fernando Rodrigues Vicente Effect of the structure of the board of directors on cash holdings of publicly traded companies Contextus cash holdings board of directors corporate governance publicly traded companies agency theory |
| title | Effect of the structure of the board of directors on cash holdings of publicly traded companies |
| title_full | Effect of the structure of the board of directors on cash holdings of publicly traded companies |
| title_fullStr | Effect of the structure of the board of directors on cash holdings of publicly traded companies |
| title_full_unstemmed | Effect of the structure of the board of directors on cash holdings of publicly traded companies |
| title_short | Effect of the structure of the board of directors on cash holdings of publicly traded companies |
| title_sort | effect of the structure of the board of directors on cash holdings of publicly traded companies |
| topic | cash holdings board of directors corporate governance publicly traded companies agency theory |
| url | http://periodicos.ufc.br/contextus/article/view/44362 |
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