Does the board of directors affect cash holdings? A study of French listed firms
Nguyen, Duc Khuong
Board of directors; Agency costs; | Corporate governance; | Cash holdings | : Accounting & auditing [B01] [Business & economic sciences] | : Comptabilité & audit [B01] [Sciences économiques & de gestion]
Prior studies show that agency conflicts are important in explaining corporate financial policies and that the board of directors is central to corporate governance. In this study, we examine the role of this governing body in the accumulation of cash reserves. Using a ...