Esther Agboola
Email: esther.agboola@nottingham.ac.uk
Current Status: Registered
Year of Registration: 2024
Expected Completion Date: /12/2026
Research Topic:Papers on Corporate Cash Holdings
Research Details:Globally, in the last two decades, firms have witnessed a remarkable rise in the quantity of liquid assets (also known as cash holding) held; implying that 'cash is king' and thus, making it impossible for businesses to thrive given the existence of cash drought. Establishing on the premise that cash represent a key part of majority of companies' assets, cash holding insinuate the availability of cash for immediate funding of tangible assets and for distribution to investors (Aslam and Kalim, 2019). The preference of cash holding is therefore very pertinent to the growth and going concern of a firm. The global financial crisis of 2008–2009 reignited research on how firms manage their cash because the hardship introduced by this crisis exposed the presence of information asymmetry between managers and investors (Miglo, 2010). This research therefore focuses on factors that influences the amount of cash held by corporations. Consequently, corporate governance (with specific focus on board characteristics) is examined with respect to the role it plays on cash holdings level. The Chief Executive Officer and Chief Financial Officer are individuals that make most financial decisions; are there any similarities or differences between these individuals that can impact cash holdings? The second paper answers this question. Also, there is need to investigate into differences in corporate cash holdings level during crisis periods and non-crisis periods. Does corporate social responsibility play any part in the level of cash held by corporations? These research questions make up the four papers for my thesis.
Research Supervisor/s: Emmanuel Adegbite
Department: Accounting
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