How does red culture affect corporates’ cash holdings? Evidence from China

How does red culture affect corporates’ cash holdings? Evidence from China

Cash holdings are an essential element of corporate decision-making. Culture, such as the unique Chinese red culture created by the Communist Party of China during the Revolutionary War, affected corporate economic decisions. This study systematically evaluated the impact of red culture on corporate...

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Bibliographic Details
Main Authors: Zuohong Li, Xiaohui Chen, Bo Yang
Format: Article
Language:English
Published: Elsevier 2023-04-01
Series:Heliyon
Subjects:
Red culture
Corporates' cash holdings
Heterogeneity
Long-term investment
Investment opportunity
Duality
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844023026427

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http://www.sciencedirect.com/science/article/pii/S2405844023026427

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