National Governance and Corporate Liquidity in Organization of Islamic Cooperation Countries: Evidence based on a Sharia-compliant Liquidity Measure
Tài liệu tham khảo
Aggarwal, 2014
Al-Najjar, 2017, Corporate governance and cash holdings in MENA: evidence from internal and external governance practices, Res. Int. Bus. Financ., 39, 1, 10.1016/j.ribaf.2016.07.030
Armitage, 2017, Corporate governance challenges in emerging economies, Corp. Gov. Int. Rev., 25, 148, 10.1111/corg.12209
Arslan, 2020, Role of institutions in shaping corporate governance system: evidence from emerging economy, Heliyon, 6, 10.1016/j.heliyon.2020.e03520
Aslan, 2014, National governance bundles and corporate agency costs: a cross-country analysis, Corp. Gov. Int. Rev., 22, 230, 10.1111/corg.12055
Atif, 2019, Does board gender diversity affect corporate cash holdings?, J. Bus. Financ. Acc., 46, 1003, 10.1111/jbfa.12397
Bates, 2009, Why do U.S. firms hold so much more cash than they used to?, J. Financ., 64, 1985, 10.1111/j.1540-6261.2009.01492.x
Baum, 2006, The impact of macroeconomic uncertainty on non-financial firms’ demand for liquidity, Rev. Financ. Econ., 15, 289, 10.1016/j.rfe.2006.01.002
Berglöf, 2006, Enforcement and good corporate governance in developing countries and transition economies, World Bank Res. Obs., 21, 123, 10.1093/wbro/lkj005
Chen, 2016, Religiosity and the cost of debt, J. Bank. Financ., 70, 70, 10.1016/j.jbankfin.2016.06.005
Chen, 2011, Securities laws, control of corruption, and corporate liquidity: international evidence, Corp. Gov. Int. Rev., 19, 3, 10.1111/j.1467-8683.2010.00823.x
Chen, 2017, Corporate governance in Islamic countries – A liquidity perspective
Chen, 2017, Democracy, rule of law, and corporate governance—a liquidity perspective, Econ. Gov., 18, 35, 10.1007/s10101-016-0182-4
Chen, 2008, Corporate governance and cash holdings: listed new economy versus old economy firms, Corp. Gov. Int. Rev., 16, 430, 10.1111/j.1467-8683.2008.00701.x
Chen, 2020, Confucianism culture and corporate cash holdings, Int. J. Emerg. Mark., 15, 1127, 10.1108/IJOEM-08-2019-0590
Chen, 2015, National culture and corporate cash holdings around the world, J. Bank. Financ., 50, 1, 10.1016/j.jbankfin.2014.09.018
Chintrakarn, 2016, The causal effect of religious piety on shareholder wealth: evidence from acquirer returns and historical religious identification, Appl. Econ. Lett., 23, 1110, 10.1080/13504851.2015.1137541
Chintrakarn, 2017, Exploring the effect of religious piety on corporate governance: evidence from anti-takeover defenses and historical religious identification, J. Bus. Ethics, 141, 469, 10.1007/s10551-015-2677-2
Choi, 2016, Does majority voting improve board accountability?, Univ. Chic. Law Rev., 83, 1119
Cornelius, 2005, Corporate practices and national governance systems: what do country rankings tell us?, Ger. Law J., 6, 583, 10.1017/S2071832200013821
Cremers, 2014, Thirty years of shareholder rights and firm valuation, J. Financ., 69, 1167, 10.1111/jofi.12138
da Cruz, 2019, What do we know about corporate cash holdings? A systematic analysis, J. Corp. Acc. Financ., 30, 77, 10.1002/jcaf.22368
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
Dittmar, 2003, International corporate governance and corporate cash holdings, J. Financ. Quant. Anal., 38, 111, 10.2307/4126766
Doidge, 2007, Why do countries matter so much for corporate governance?, J. Financ. Econ., 86, 1, 10.1016/j.jfineco.2006.09.002
Doukas, 2003, Geographic diversification and agency costs of debt of multinational firms, J. Corp. Finan., 9, 59, 10.1016/S0929-1199(01)00056-6
Driffield, 2014, Institutions and equity structure of foreign affiliates, Corp. Gov. Int. Rev., 22, 216, 10.1111/corg.12054
Drobetz, 2007, Corporate cash holding: evidence from Switzerland, Fin. Mkts. Portfolio Mgmt., 21, 293, 10.1007/s11408-007-0052-8
Elnahas, 2017, Religion and ratio analysis: towards an Islamic corporate liquidity measure, Emerg. Mark. Rev., 30, 42, 10.1016/j.ememar.2016.09.001
Fernandes, 2016, Multinationals and cash holdings, J. Corporate Financ., 39, 139, 10.1016/j.jcorpfin.2016.06.003
Ferreira, 2004, Why do firms hold cash? Evidence from EMU countries, Eur. Financ. Manag., 10, 295, 10.1111/j.1354-7798.2004.00251.x
Filatotchev, 2013, Corporate governance and national institutions: a review and emerging research agenda, Asia Pac. J. Manag., 30, 965, 10.1007/s10490-012-9293-9
Gamba, 2014
Giacalone, 2004, A transcendent business education for the 21st century, Acad. Manag. Learn. Educ., 3, 415, 10.5465/amle.2004.15112547
Gomez, 2005, Democracy and the evolution of corporate governance, Corp. Gov. Int. Rev., 13, 739, 10.1111/j.1467-8683.2005.00467.x
Grandori, 2017, Democratic governance and the firm, Rev. de Adm., 52, 353
Grosman, 2015, Corporate governance as a mechanism to mitigate financing constraints on investment, Available at SSRN, 2638434
Gupta, 2020, Corporate cash holdings and promoter ownership, Emerg. Mark. Rev., 44, 100718, 10.1016/j.ememar.2020.100718
Harford, 2008, Corporate governance and firm cash holdings in the US, J. Financ. Econ., 87, 535, 10.1016/j.jfineco.2007.04.002
Hilary, 2009, Does religion matter in corporate decision making in America?, J. Financ. Econ., 93, 455, 10.1016/j.jfineco.2008.10.001
Ho, 2001, A study of the relationship between corporate governance structures and the extent of voluntary disclosure, J. Int. Account. Audit. Tax., 10, 139, 10.1016/S1061-9518(01)00041-6
Huang, 2013, Investor protection and cash holdings: Evidence from US cross-listing, J. Bank. Financ., 37, 937, 10.1016/j.jbankfin.2012.10.021
Inglehart, R., Haerpfer, C., Moreno, A., Welzel, C., Kizilova, K., Diez-Medrano, J., Lagos, M., Norris, P., Ponarin, E., & Puranen, B. et al. (eds.) (2014). World Values Survey: All Rounds - Country-Pooled Datafile Version: http://www.worldvaluessurvey.org/WVSDocumentationWVL.jsp. Madrid: JD Systems Institute.
Jebran, 2019, Determinants of corporate cash holdings in tranquil and turbulent period: evidence from an emerging economy, Financial Innov., 5, 3, 10.1186/s40854-018-0116-y
Jensen, 1986, Agency costs of free cash flow, corporate finance and takeovers, Am. Econ. Rev., 76, 323
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
Kalcheva, 2007, International evidence on cash holdings and expected managerial agency problems, Rev. Financ. Stud., 20, 1087, 10.1093/rfs/hhm023
Kaufmann, D., Kraay, A., & Mastruzzi, M. (2010). The worldwide governance indicators: methodology and analytical issues. World Bank policy research working paper no. 5430.
Kim, 2016, Religion and corporate governance: evidence from 32 countries, Asia Pac. J. Financ. Stud., 45, 281, 10.1111/ajfs.12130
Kim, 2014, Structuring corporate boards for wealth protection and/or wealth creation: the effects of national institutional characteristics, Corp. Gov. Int. Rev., 22, 266, 10.1111/corg.12062
Kuipers, 2009, The legal environment and corporate valuation: evidence from cross-border takeovers, Int. Rev. Econ. Financ., 18, 552, 10.1016/j.iref.2008.09.013
Kutan, 2020, A survey on national culture and corporate financial decisions: current status and future research, Int. J. Emerg. Mark.
La Porta, 1998, Law and finance, J. Polit. Econ., 106, 1113, 10.1086/250042
La Porta, 1999, Corporate ownership around the world, J. Financ., 54, 471, 10.1111/0022-1082.00115
La Porta, 2000, Investor protection and corporate governance, J. Financ. Econ., 58, 3, 10.1016/S0304-405X(00)00065-9
Licht, 2005, Culture, law, and corporate governance, Int. Rev. Law Econ., 25, 229, 10.1016/j.irle.2005.06.005
Manoel, 2018, Cash holdings and corporate governance: the effects of premium listing in Brazil, Rev. Dev. Finance, 8, 106, 10.1016/j.rdf.2018.11.002
McGuire, 2012, The impact of religion on financial reporting irregularities, Account. Rev., 87, 645, 10.2308/accr-10206
Nakpodia, 2020, Examining the link between religion and corporate governance: insights from Nigeria, Bus. Soc., 59, 956, 10.1177/0007650317745852
Nguyen, 2018, Shareholder litigation rights and corporate cash holdings: evidence from universal demand laws, J. Corp. Finan., 52, 192, 10.1016/j.jcorpfin.2018.08.002
Norenzayan, 2014, Does religion make people moral?, Behav., 151, 365, 10.1163/1568539X-00003139
Nutt, 2006, Comparing public and private sector decision-making practices, J. Public Adm. Res. Theory, 16, 289, 10.1093/jopart/mui041
Opler, 1999, The determinants and implications of corporate cash holdings, J. Financ. Econ., 52, 3, 10.1016/S0304-405X(99)00003-3
Ozkan, 2004, Corporate cash holdings: An empirical investigation of UK companies, J. Bank. Financ., 28, 2103, 10.1016/j.jbankfin.2003.08.003
Pinkowitz, 2006, Does the contribution of corporate cash holdings and dividends to firm value depend on governance? A cross-country analysis, J. Financ., 61, 2725, 10.1111/j.1540-6261.2006.01003.x
Ramirez, 2009, Corporate cash holdings, uncertainty avoidance, and the multinationality of firms, Int. Bus. Rev., 18, 387, 10.1016/j.ibusrev.2009.02.013
Schneper, 2004, Stakeholder rights and corporate governance: a cross-national study of hostile takeovers, Adm. Sci. Q., 49, 263, 10.2307/4131474
Seifert, 2018, The effects of country and firm-level governance on cash management, J. Int. Financial Mark. Inst. Money, 52, 1, 10.1016/j.intfin.2017.12.001
Shleifer, 1997, A survey of corporate governance, J. Financ., 52, 737, 10.1111/j.1540-6261.1997.tb04820.x
Shleifer, 1997, A survey of corporate governance, J. Financ., 52, 737, 10.1111/j.1540-6261.1997.tb04820.x
Stulz, 2005, The limits of financial globalization, J. Financ., 60, 1595, 10.1111/j.1540-6261.2005.00775.x
Stulz, 2003, Culture, openness, and finance, J. Financ. Econ., 70, 313, 10.1016/S0304-405X(03)00173-9
Tran, 2020, Corruption and corporate cash holdings: international evidence, J. Multinatl. Financ. Manag., 54, 100611, 10.1016/j.mulfin.2019.100611
Triantis, 1995, The role of debt in interactive corporate governance, Calif. L. Rev., 83, 1073, 10.2307/3480898
Vanacker, 2014, Institutional frameworks, venture capital and the financing of European new technology-based firms, Corp. Gov. Int. Rev., 22, 199, 10.1111/corg.12046
Xiong, 2020, Does internal information quality impact corporate cash holdings? Evidence from China, Account. Financ.
Yoshikawa, 2014, National governance system, corporate ownership, and roles of outside directors: a corporate governance bundle perspective, Corp. Gov. Int. Rev., 22, 252, 10.1111/corg.12050
Yun, 2009, The choice of corporate liquidity and corporate governance, Rev. Financ. Stud., 22, 1447, 10.1093/rfs/hhn041
Zhu, 2014, Corporate governance and the cost of capital: An international study, Int. Rev. Financ., 14, 393, 10.1111/irfi.12034
