Board faultlines and the value of cash holdings: Evidence from Chinese listed companies
Tài liệu tham khảo
Barkema, 2007, Does top management team diversity promote or hamper foreign expansion?, Strateg. Manag. J., 28, 663, 10.1002/smj.604
Bezrukova, 2009, Do workgroup faultlines help or hurt? A moderated model of faultlines, team identification, and group performance, Organ. Sci., 20, 35, 10.1287/orsc.1080.0379
Burns, 2006, The impact of performance-based compensation on misreporting, J. Financ. Econ., 79, 35, 10.1016/j.jfineco.2004.12.003
Byrne, 1971
Chen, 2010, On-the-job consumption, equity checks and balances and their economic consequences—Empirical evidence from Chinese listed companies, J. Shanghai Lixin Univ. Commerce., 24, 19
Crucke, 2016, When stakeholder representation leads to faultlines. A study of board service performance in social enterprises, J. Manage. Stud., 53, 768, 10.1111/joms.12197
Denis, 2010, Financial constraints, investment, and the value of cash holdings, Rev. Financ. Stud., 23, 247, 10.1093/rfs/hhp031
Dittmar, 2007, Corporate governance and the value of cash holdings, J. Financ. Econ., 83, 599, 10.1016/j.jfineco.2005.12.006
Dou, 2016, Control of major shareholders, related deposits and cash holding value, Manage. World., 5, 141
Fama, 1998, Taxes, financing decisions, and firm value, J. Finance., 53, 819, 10.1111/0022-1082.00036
Fracassi, 2012, External networking and internal firm governance, J. Finance., 67, 153, 10.1111/j.1540-6261.2011.01706.x
Fresard, 2010, Financial strength and product market behavior: The real effects of corporate cash holdings, J. Finance., 65, 1097, 10.1111/j.1540-6261.2010.01562.x
Halevy, 2008, Team negotiation, social, epistemic, economic, and psychological consequences of subgroup conflict, Pers. Soc. Psychol. Bull., 34, 1687, 10.1177/0146167208324102
Harrison, 2007, What’s the difference? Diversity constructs as separation, variety, or disparity in organizations, Acad. Manag. Rev., 32, 1199, 10.5465/amr.2007.26586096
Hutzschenreuter, 2013, Performance effects of top management team demographic faultlines in the process of product diversification, Strateg. Manag. J., 34, 704, 10.1002/smj.2035
Jensen, 1976, Theory of the firm: Managerial behavior, agency costs and ownership structure, J. Financ. Econ., 3, 305, 10.1016/0304-405X(76)90026-X
Jensen, 1990, CEO incentives—It’s not how much you pay, but how, Harvard Bus. Rev., 68, 138
Kaczmarek, 2012, Board task-related faultlines and firm performance: A decade of evidence, Corporate Governance: An Int. Rev., 20, 337, 10.1111/j.1467-8683.2011.00895.x
Lau, 1998, Demographic diversity and faultlines: The compositional dynamics of organizational groups, Acad. Manag. Rev., 23, 325, 10.5465/amr.1998.533229
Lau, 2005, Interactions within groups and subgroups: The effects of demographic faultlines, Acad. Manag. J., 48, 645, 10.5465/amj.2005.17843943
Li, 2005, Factional groups: A new vantage on demographic faultlines, conflict, and disintegration in work teams, Acad. Manag. J., 48, 794, 10.5465/amj.2005.18803923
Li, 2014, Heterogeneity of board of directors, faultline and cross-border mergers and acquisitions, Manage. Sci., 27, 1
Liang, 2019, Implementation of EVA assessment mechanism and corporate cash holdings-empirical evidence from Chinese central enterprises, Manage. Rev., 31, 233
Liu, 2011, Corporate cash holdings and CEO compensation incentives, J. Financ. Econ., 102, 183, 10.1016/j.jfineco.2011.05.008
Liu, 2019, Multidimensionality: A cross-disciplinary review and integration, J. Manage., 45, 197
Lu, 2014, The influence of the “hometown” relationship between CEOs and directors on the risk level of listed companies in China, Manage. World., 3, 131
Luo, 2009, Investor protection and corporate cash holdings, Financial Res., 10, 162
Meyer, 2011, Social category salience moderates the effect of diversity faultlines on information elaboration, Small Group Res., 42, 257, 10.1177/1046496411398396
Pinkowitz, 2006, Does the contribution of corporate cash holdings and dividends to firm value depend on governance? A cross-country analysis, J. Finance., 61, 2725, 10.1111/j.1540-6261.2006.01003.x
Pinkowitz, L., Williamson, R., 2003. What is a dollar worth? The market value of cash holdings. SSRN Working Paper. Georgetown University, https://ssrn.com/abstract=355840.
Schölmerich, 2016, How leaders’ diversity beliefs alter the impact of faultlines on team functioning, Small Group Res., 47, 177, 10.1177/1046496416630960
Tajfel, 1978
Tang, 2016, The impact of the governance system of major shareholders on the value of cash holdings—Based on the perspective of the dual motivations of “tunneling” and “support”, Manage. Rev., 28, 53
Thatcher, 2003, Cracks in diversity research: The effects of diversity faultlines on conflict and performance, Group Decis. Negot., 12, 217, 10.1023/A:1023325406946
Tuggle, 2010, Attention patterns in the boardroom: How board composition and processes affect discussion of entrepreneurial issues, Acad. Manag. J., 53, 550, 10.5465/amj.2010.51468687
Turner, 1985, Social categorization and the self-concept: A social cognitive theory of group behavior, Adv. Group Processes., 2, 77
Van Peteghem, 2018, Beyond diversity: A tale of faultlines and frictions in the board of directors, Accounting Rev., 93, 339, 10.2308/accr-51818
Wang, 2014, Economic policy uncertainty, cash holdings and its market value, Financial Res.., 9, 53
Wang, 2017, Board of directors’ capital and corporate cash holdings—Environmental uncertainty hypothesis or agency cost hypothesis, China Accounting Rev., 15, 505
Ward, 2018, Institutional investor monitoring motivation and the marginal value of cash, J. Corporate Finance., 48, 49, 10.1016/j.jcorpfin.2017.10.017
Yang, 2016, Does industry growth affect company cash holdings?, Manage. World., 1, 153
Yang, 2008, Institutional background, nature of equity and the value of cash holdings, Econ. Res., 12, 111
Yang, 2014, Marketization process, management power and company cash holdings, Nankai Manage. Rev., 2, 34