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  • Cash holdings and corporate governance: Evidence From Turkey 

    Authors:Akben Selçuk, Elif; Şener, Pınar
    Publisher and Date:(IGI Global, 2019)
    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, ...