Shareholder valuation on a dollar of cash versus agency cost: evidence from high-cash and low-cash level firm
The corporate cash holdings are important when deciding performance and profitability of firms, and also as an extension to shareholders’ wealth. The issue of the amount of cash holdings in firms does not solely impact the firms’ balance sheets and agency costs. This study argues that the need for h...
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| Format: | Article |
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Human Resource Management Academic Research Society
2020
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