Three Essays on CEO Characteristics and Corporate Financing Decisions
This thesis examines the relationship between CEO characteristics, namely CEO power, CEO outsider, with corporate financing decisions, specifically corporate cash holdings and dividend policy. The study finds that powerful CEOs prefer higher cash holdings whereas outsider CEOs are initially interest...
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| Format: | Thesis |
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Curtin University
2020
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| Online Access: | http://hdl.handle.net/20.500.11937/82065 |
| _version_ | 1848764469340012544 |
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| author | Islam, Md. Ariful |
| author_facet | Islam, Md. Ariful |
| author_sort | Islam, Md. Ariful |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This thesis examines the relationship between CEO characteristics, namely CEO power, CEO outsider, with corporate financing decisions, specifically corporate cash holdings and dividend policy. The study finds that powerful CEOs prefer higher cash holdings whereas outsider CEOs are initially interested in reducing cash holdings but such CEOs revert to increasing cash holdings to tunnel cash through dividend payouts. Finally, although powerful CEOs adopt dividend payment decision, such CEOs reduce the quantum of the actual dividend. |
| first_indexed | 2025-11-14T11:19:51Z |
| format | Thesis |
| id | curtin-20.500.11937-82065 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:19:51Z |
| publishDate | 2020 |
| publisher | Curtin University |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-820652022-12-09T03:31:32Z Three Essays on CEO Characteristics and Corporate Financing Decisions Islam, Md. Ariful This thesis examines the relationship between CEO characteristics, namely CEO power, CEO outsider, with corporate financing decisions, specifically corporate cash holdings and dividend policy. The study finds that powerful CEOs prefer higher cash holdings whereas outsider CEOs are initially interested in reducing cash holdings but such CEOs revert to increasing cash holdings to tunnel cash through dividend payouts. Finally, although powerful CEOs adopt dividend payment decision, such CEOs reduce the quantum of the actual dividend. 2020 Thesis http://hdl.handle.net/20.500.11937/82065 Curtin University fulltext |
| spellingShingle | Islam, Md. Ariful Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title | Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title_full | Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title_fullStr | Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title_full_unstemmed | Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title_short | Three Essays on CEO Characteristics and Corporate Financing Decisions |
| title_sort | three essays on ceo characteristics and corporate financing decisions |
| url | http://hdl.handle.net/20.500.11937/82065 |