Analyzing the Role of Board Independence towards Corporate Cash Holding: Evidence from Listed Family Firms of Emerging Economy

doi:10.47750/cibg.2021.27.03.182

Cited by 4 publications

(2 citation statements)

References 20 publications

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“…Namun sebaliknya, (Darma et al, 2021;Senjaya dan Yadnyana, 2016;Yanti et al, 2019) menemukan dalam penelitian mereka bahwa institutional ownership tidak berpengaruh signifikan terhadap cash holding. (Chistian dan Fauziah, 2017;Jamil et al, 2016;Mengyun et al, 2021;Senjaya dan Yadnyana, 2016) melakukan peneltian tentang pengaruh board size terhadap cash holding. Mereka menemukan bahwa board size berpengaruh signifikan terhadap cash holding.…”

Section: Pendahuluanunclassified

“…Dengan demikian, semakin besar ukuran dewan direksi semakin besar tingkat cash holding untuk diberikan kepada pemegang saham baik dalam bentuk dividen maupun untuk investasi menguntungkan. Penemuan ini sesuai dengan hasil penelitian yang dilakukan oleh (Chistian dan Fauziah, 2017;Jamil et al, 2016;Mengyun et al, 2021;Senjaya dan Yadnyana, 2016), tetapi bertolakbelakang dengan hasil penemuan (Yanti et al, 2019) dimana mereka menemukan bahwa board size tidak berpengaruh signifikan terhadap cash holding.…”

Section: Diskusiunclassified

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Determinan Cash Holding Sebelum Dan Selama Pandemi COVID-19

Yanti

Susanto

Kurniawan

2023

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This study aims to analyze the effect of institutional ownership, board size, capital expenditure, net working capital, liquidity, leverage, cash flow ratio on cash holding before and during the COVID-19 pandemic, and differences in average cash holding. Based on purposive sampling, there are 85 manufacturing companies during 2019-2020. Hypothesis testing with regression analysis and Wilcoxon signed-rank test using SPSS. Research before the pandemic shows board size, leverage, and cash flow ratio have a significant effect on cash holding, Research during the pandemic shows that capital expenditure, liquidity, leverage, and cash flow ratio have a significant effect on cash holding. Study finds significant differences between average cash holding before and during the pandemic.

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Section: Pendahuluanunclassified

Section: Diskusiunclassified

Determinan Cash Holding Sebelum Dan Selama Pandemi COVID-19

Yanti

Susanto

Kurniawan

2023

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Board Financial Expertise and Corporate Cash Holdings: Moderating Role of Multiple Large Shareholders in Emerging Family Firms

Um-e-Habiba

Husnain³

et al. 2021

Complexity

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This study contributes to the literature by exploring the relationship between board financial expertise and cash holding policy and further showing how this relation is moderated by multiple large shareholders (MLS). This research is based on agency theory, resource dependence, trade-off, and pecking order theory to confirm how resourceful directors screen cash holding practices. This study selects the 100 listed family firms from the emerging economy of Pakistan for the period of 2006–2017. With the use of static (random and fixed effect estimator) and dynamic (GMM) estimation techniques, this study reveals that the financial expertise of the board members has a significant negative impact on the firms’ cash holding level. Further, moderating effect of MLS between board financial expertise and cash holding is significantly positive due to weak corporate governance mechanisms in family firms. Moreover, the research has implications for developing corporate governance mechanism and the management of liquid assets that corporate management might use for their benefits.

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Analyzing the Moderating role of Board Structure in Relation between Tax Avoidance and Business Strategy: New Insight from Emerging Economy

Husnain¹,

Ahmad

Hashmi

2021

JAFEE

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Purpose: Taxation basically occupies an important place in the strategic decisions of companies, therefore, business are thinking to adopt a dynamic and active method for tax management. This study examine the moderating role of board independence, and board size in the relation between tax avoidance, and business strategy in developing economy of the Pakistan. Design/Methodology/Approach: The sample of study consist of 125 non-financial companies listed on Pakistan stock exchange with time period of 5 years from 2013 to 2017 on annual basis. Study uses static (fixed effect, & random effect) and dynamic (GMM) panel data estimation techniques. Findings: The result shows that increase in board size of a prospector firm will increase its trend to avoid taxes. The finding also reveal that that an increase in the independent directors in prospector firms will decreases tax avoidance activities in emerging economies. Additionally, result shows that firm profitability and leverage are negatively related to tax payments while firm size show positive association with tax payments. Implications/Originality/Value: Among others, this study suggests that tax authorities should advocate the prospector firms to increase the number of independent directors on board because there presence cause a reduction in tax avoidance activities and increase tax payments.

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Analyzing the Role of Board Independence towards Corporate Cash Holding: Evidence from Listed Family Firms of Emerging Economy

Cited by 4 publications

References 20 publications

Determinan Cash Holding Sebelum Dan Selama Pandemi COVID-19

Determinan Cash Holding Sebelum Dan Selama Pandemi COVID-19

Board Financial Expertise and Corporate Cash Holdings: Moderating Role of Multiple Large Shareholders in Emerging Family Firms

Analyzing the Moderating role of Board Structure in Relation between Tax Avoidance and Business Strategy: New Insight from Emerging Economy

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