Exploring the nexus between CEO characteristics and the value of excess cash holdings through the lens of the resource-based view theory
Moncef Guizani,
Chouayb Larabi
Abstract:Purpose
This study aims to examine the relationship between CEO characteristics and the value of excess cash holdings from the perspective of resource-based view (RBV) theory in the context of Malaysia.
Design/methodology/approach
The analyses were made using ordinary least squares across 173 non-financial firms listed in Bursa Malaysia over the period of 2015–2021. The authors address potential endogeneity through the generalized method of moments. The results are also robust to alternative measures of exces… Show more
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