Investment Committee, Corporate Cash Holdings and Corporate Life Cycle
© 2018 International Review of Finance Ltd. 2018 We investigate the association between voluntary formation of board investment committee (IC) and corporate cash holdings of nonfinancial firms over the corporate life cycle stages for a large sample of Gulf Cooperation Council firms during 2005–2016....
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Wiley-Blackwell Publishing Asia
2018
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| Online Access: | http://hdl.handle.net/20.500.11937/72576 |
| _version_ | 1848762787300376576 |
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| author | Eulaiwi, Baban Al-Hadi, Ahmed Hussain, S. Al-Yahyaee, K. |
| author_facet | Eulaiwi, Baban Al-Hadi, Ahmed Hussain, S. Al-Yahyaee, K. |
| author_sort | Eulaiwi, Baban |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2018 International Review of Finance Ltd. 2018 We investigate the association between voluntary formation of board investment committee (IC) and corporate cash holdings of nonfinancial firms over the corporate life cycle stages for a large sample of Gulf Cooperation Council firms during 2005–2016. We find that IC increases corporate cash holdings in growth and maturity stages of firm, compared to introduction, shake-out, and decline stages. These results have important implications for investors, policy makers, and regulators. Our findings are robust to various econometrics specifications. |
| first_indexed | 2025-11-14T10:53:07Z |
| format | Journal Article |
| id | curtin-20.500.11937-72576 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:53:07Z |
| publishDate | 2018 |
| publisher | Wiley-Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-725762019-04-08T06:33:05Z Investment Committee, Corporate Cash Holdings and Corporate Life Cycle Eulaiwi, Baban Al-Hadi, Ahmed Hussain, S. Al-Yahyaee, K. © 2018 International Review of Finance Ltd. 2018 We investigate the association between voluntary formation of board investment committee (IC) and corporate cash holdings of nonfinancial firms over the corporate life cycle stages for a large sample of Gulf Cooperation Council firms during 2005–2016. We find that IC increases corporate cash holdings in growth and maturity stages of firm, compared to introduction, shake-out, and decline stages. These results have important implications for investors, policy makers, and regulators. Our findings are robust to various econometrics specifications. 2018 Journal Article http://hdl.handle.net/20.500.11937/72576 10.1111/irfi.12240 Wiley-Blackwell Publishing Asia restricted |
| spellingShingle | Eulaiwi, Baban Al-Hadi, Ahmed Hussain, S. Al-Yahyaee, K. Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title | Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title_full | Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title_fullStr | Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title_full_unstemmed | Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title_short | Investment Committee, Corporate Cash Holdings and Corporate Life Cycle |
| title_sort | investment committee, corporate cash holdings and corporate life cycle |
| url | http://hdl.handle.net/20.500.11937/72576 |