Cash Holdings and Corporate Governance: Evidence From Turkey

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Date

2022

Authors

Akben-Selcuk, E.
Sener, P.

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IGI Global

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Abstract

This chapter investigates the empirical factors affecting corporate cash holdings with special emphasis on corporate governance variables for a sample of Turkish-listed nonfinancial firms over the period 2006 to 2010. The findings reveal a significant non-linear relation between family ownership and cash holdings. In addition, while board structure does not significantly affect the level of cash holdings, tunneling increases cash reserves of firms. Furthermore, the results indicate that cash flow, leverage, other liquid assets that can be used as cash substitutes, the degree of tangibility of assets, and firm size are important in determining cash holdings among Turkish companies. © 2022 by IGI Global. All rights reserved.

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Turkish CoHE Thesis Center URL

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0

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Source

Research Anthology on Strategies for Maintaining Successful Family Firms

Volume

1

Issue

Start Page

395

End Page

416