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100 _aTripathi, Vibha
_9119830
245 0 _aModerating Effect of Corporate Governance Mechanisms on Relationship between Cash Holdings and Firm Value
260 _bEconomic and Political Weekly
260 _c2024
300 _a83-90
520 _aA composite corporate governance index (CCGI) that considers 16 attributes across three facets such as ownership structure, board characteristics, and the audit matters of 306 Indian non-financial firms is constructed in this paper. Fixed effect panel and GMM estimations pinpoint the moderating impact of CCGI when it comes to the relationship between cash holdings and firm value. Then the sample is stratified into high CG and low CG firms based on the CCGI score. Subsample FE and GMM results uncover the moderating impact of CCGI in LCG firms and not in HCG firms. The findings suggest that firm cash policies should be aligned with all the three CG facets.
650 _a Cash Holdings and Firm Value
_9119831
650 _a Indian Non-Financial Firms
_9119832
650 _aCorporate Governance Mechanisms
_9119833
700 _a Madhavan, Vinodh
_9119834
856 _uhttps://www.epw.in/system/files/pdf/2024_59/21/salix21250524mbfvibha-tripathi-vinodh-madhavan.pdf
999 _c133558
_d133558