Matches in SemOpenAlex for { <https://semopenalex.org/work/W3097331340> ?p ?o ?g. }
- W3097331340 endingPage "801" @default.
- W3097331340 startingPage "783" @default.
- W3097331340 abstract "Purpose This paper aims to document the impact of corporate cash holdings on firm performance in Middle East and North African (MENA) emerging markets. The authors also examine how the quality of national governance shapes the interaction between corporate cash holdings and firm performance. Design/methodology/approach The authors employ data from non-financial firms listed on the stock markets of twelve MENA countries between 2004 and 2018. The empirical model avoids the shortcomings of the prior literature by applying a dynamic framework to the relationship between cash holdings and firm performance. Findings This research reports a significant positive relationship between corporate cash holdings and firm performance. The results appear to be more pronounced in countries with strong national governance and more developed institutional settings. The findings demonstrate that most benefits of corporate cash holdings can be achieved under strong institutional settings. The authors argue that the positive impact that national governance has on individual firms by reinforcing investors' protection and lowering agency problems increases the added value of cash holdings. Practical implications The findings should encourage local authorities and policymakers to reinforce the law and instigate new regulations to strengthen the quality of national governance and restore the integrity of local markets. Originality/value Prior studies have largely been silent on how national governance can shape the relationship between corporate cash holdings and firm performance. This paper draws attention to this issue within the context of MENA emerging markets. To the authors' best knowledge, this is the first study that explores the interaction between cash holdings, firm performance and national governance in MENA emerging markets." @default.
- W3097331340 created "2020-11-09" @default.
- W3097331340 creator A5008168005 @default.
- W3097331340 creator A5049809069 @default.
- W3097331340 date "2020-11-05" @default.
- W3097331340 modified "2023-09-30" @default.
- W3097331340 title "Corporate cash holdings, firm performance and national governance: evidence from emerging markets" @default.
- W3097331340 cites W1587618508 @default.
- W3097331340 cites W1808821110 @default.
- W3097331340 cites W1966946799 @default.
- W3097331340 cites W2041858915 @default.
- W3097331340 cites W2051056391 @default.
- W3097331340 cites W2053568694 @default.
- W3097331340 cites W2066777296 @default.
- W3097331340 cites W2068627228 @default.
- W3097331340 cites W2068664874 @default.
- W3097331340 cites W2069005416 @default.
- W3097331340 cites W2101247287 @default.
- W3097331340 cites W2116696086 @default.
- W3097331340 cites W2121085701 @default.
- W3097331340 cites W2126924836 @default.
- W3097331340 cites W2138380101 @default.
- W3097331340 cites W2162012454 @default.
- W3097331340 cites W2169484588 @default.
- W3097331340 cites W2228361382 @default.
- W3097331340 cites W2238733681 @default.
- W3097331340 cites W2488586035 @default.
- W3097331340 cites W2519036219 @default.
- W3097331340 cites W2525127984 @default.
- W3097331340 cites W2584643136 @default.
- W3097331340 cites W2602498544 @default.
- W3097331340 cites W2752279100 @default.
- W3097331340 cites W2752617332 @default.
- W3097331340 cites W2765499453 @default.
- W3097331340 cites W2772491054 @default.
- W3097331340 cites W2772545069 @default.
- W3097331340 cites W2788273497 @default.
- W3097331340 cites W2803124146 @default.
- W3097331340 cites W2895672299 @default.
- W3097331340 cites W2897000648 @default.
- W3097331340 cites W2903182833 @default.
- W3097331340 cites W2921307482 @default.
- W3097331340 cites W2930264464 @default.
- W3097331340 cites W2965374853 @default.
- W3097331340 cites W2991521743 @default.
- W3097331340 cites W3001551737 @default.
- W3097331340 cites W3117357995 @default.
- W3097331340 cites W3121279693 @default.
- W3097331340 cites W3122231476 @default.
- W3097331340 cites W3122489987 @default.
- W3097331340 cites W3122756704 @default.
- W3097331340 cites W3123486291 @default.
- W3097331340 cites W3123909260 @default.
- W3097331340 cites W3124044836 @default.
- W3097331340 cites W3124272602 @default.
- W3097331340 cites W3124273141 @default.
- W3097331340 cites W3124406725 @default.
- W3097331340 cites W3124620510 @default.
- W3097331340 cites W3124895281 @default.
- W3097331340 cites W3125654204 @default.
- W3097331340 cites W4241454091 @default.
- W3097331340 cites W4249787693 @default.
- W3097331340 cites W4299350960 @default.
- W3097331340 cites W4376595489 @default.
- W3097331340 cites W837128375 @default.
- W3097331340 doi "https://doi.org/10.1108/ijmf-07-2020-0342" @default.
- W3097331340 hasPublicationYear "2020" @default.
- W3097331340 type Work @default.
- W3097331340 sameAs 3097331340 @default.
- W3097331340 citedByCount "19" @default.
- W3097331340 countsByYear W30973313402022 @default.
- W3097331340 countsByYear W30973313402023 @default.
- W3097331340 crossrefType "journal-article" @default.
- W3097331340 hasAuthorship W3097331340A5008168005 @default.
- W3097331340 hasAuthorship W3097331340A5049809069 @default.
- W3097331340 hasConcept C10138342 @default.
- W3097331340 hasConcept C110000284 @default.
- W3097331340 hasConcept C121087249 @default.
- W3097331340 hasConcept C121955636 @default.
- W3097331340 hasConcept C144133560 @default.
- W3097331340 hasConcept C151730666 @default.
- W3097331340 hasConcept C162324750 @default.
- W3097331340 hasConcept C2778083465 @default.
- W3097331340 hasConcept C2779343474 @default.
- W3097331340 hasConcept C39389867 @default.
- W3097331340 hasConcept C556758197 @default.
- W3097331340 hasConcept C73283319 @default.
- W3097331340 hasConcept C76087492 @default.
- W3097331340 hasConcept C86803240 @default.
- W3097331340 hasConcept C97366136 @default.
- W3097331340 hasConceptScore W3097331340C10138342 @default.
- W3097331340 hasConceptScore W3097331340C110000284 @default.
- W3097331340 hasConceptScore W3097331340C121087249 @default.
- W3097331340 hasConceptScore W3097331340C121955636 @default.
- W3097331340 hasConceptScore W3097331340C144133560 @default.
- W3097331340 hasConceptScore W3097331340C151730666 @default.
- W3097331340 hasConceptScore W3097331340C162324750 @default.
- W3097331340 hasConceptScore W3097331340C2778083465 @default.