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http://hdl.handle.net/11718/10002| Title: | Cash and cash-equivalent holdings of companies in India: does the number of block-shareholders matter |
| Authors: | Bhat, Ramesh Bacchwat, Sujata |
| Keywords: | Cash;Cash-equivalent Holdings |
| Issue Date: | 27-Oct-2005 |
| Abstract: | Incentives for holding cash and cash-equivalents vary. The authors suggest that companies that have more block-shareholders have a lesser incentive to hold cash and cash-equivalents. Also, monitoring by debt-holders reduces their incentive to retain excess cash. Besides, after controlling for the group affiliation, size, tangibility of assets, and profitability of the company, aggregate corporate shareholdings were also found to influence the holding of cash. |
| Description: | Bhat, Ramesh and Bacchwat, Sujata (November 12-18, 2005)Cash and cash-equivalent holdings of companies in India: does the number of block-shareholders matter, H T Parekh Finance Forum, Economic and Political Weekly, Vol. 40, No. 46, |
| URI: | http://hdl.handle.net/11718/10002 |
| Appears in Collections: | Journal Articles |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Cash_and_CashEquivalent_Holdings_of_Companies.pdf Restricted Access | 28.76 kB | Adobe PDF | View/Open Request a copy |
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