Investment Committee, Corporate Cash Holdings and Corporate Life Cycle

Baban Eulaiwi, Ahmed Al-Hadi, Syed Hussain, Khamis Al Yahyaee

Research output: Contribution to journalArticle

Abstract

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.

Original languageEnglish
JournalInternational Review of Finance
DOIs
Publication statusAccepted/In press - Jan 1 2018

Fingerprint

Life cycle
Cash holdings
Investors
Politicians
Gulf Cooperation Council
Maturity
Shakeout
Econometrics

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Investment Committee, Corporate Cash Holdings and Corporate Life Cycle. / Eulaiwi, Baban; Al-Hadi, Ahmed; Hussain, Syed; Al Yahyaee, Khamis.

In: International Review of Finance, 01.01.2018.

Research output: Contribution to journalArticle

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