This study investigates how the interaction between climate risks and cash flow can
influence corporate cash holdings across 87 countries. As a secondary goal, we examine …

Based on a sample of China's Shanghai and Shenzhen A-share public firms during 2010–
2016, we examine the role of a firm's life cycle stage on the relationship between corporate …

The empirical literature shows that firms overinvest in working capital and that these
investments are economically inefficient. We decompose working capital investments in the …

I investigate the influences of economic policy uncertainty on corporate cash policy. The
findings show that there is a positive association between economic policy uncertainty and …

We expand on prior evidence that national-level policy uncertainty affects corporate cash
policies and hypothesize that political geography has a significant effect on corporate cash …

Cash holdings play an important role at the heart of firms' policies. Researchers have
devoted considerable attention to the dramatic increase in cash reserves despite alternative …

We study managers' self-assessment of their firm's financial constraint status to assess the
validity of commonly used indicators of financial constraints. As categorizations based on …

Although many firms have started to appoint chief digital officers (CDOs) to lead enterprise-
wide digital transformation, it is unclear what type of CDOs can really help improve firms' …

Analysing a large firm-level dataset from 47 countries, we document robust and significant
positive peer effects on cash holdings. Specifically, a firm increases cash holdings, on …

This study examines the speed of adjustment of cash holdings and extends the recent work
that highlights the importance of accounting for heterogeneity of the speed of adjustment of …