Democracy and corporate cash holdings

被引：0
作者：
Nguyen, Xuan Minh [1 ]
Nguyen, Thi Tuyet Mai [2 ]
Tran, Quoc Trung [1 ]
机构：
[1] Foreign Trade Univ, 15 D5 St,Ward 25,Ho Chi Minh City Campus, Ho Chi Minh City, Vietnam
[2] Ho Chi Minh Natl Acad Polit, Acad Polit Reg 2, Ho Chi Minh, Vietnam
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
Democracy; cash holdings; cash-cash flow sensitivity; corporate governance; LAW;
D O I：
10.1080/13504851.2024.2357747
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the effects of democracy on cash levels and the cash flow sensitivity of cash. With a sample of 298,263 firm-years across 41 countries, we document that democracy is negatively related to both corporate cash reserves and the cash flow sensitivity of cash.
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页数：15
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