Accruals quality and corporate cash holdings

Pedro J. García‐Teruel · Pedro Martínez Solano · Juan Pedro Sánchez‐Ballesta

145 citations0/0 files storedAccounting and Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Auditing, Earnings Management, Governance Working Capital and Financial Performance

Abstract

Abstract This Work Uses Panel Data For Firms Listed In The Spanish Stock Exchange Over The Period From 1995 To 2001 To Analyse The Effect Of Accounting Quality On Cash Holdings. The Results Show That Firms With Good Accruals Quality Hold Lower Cash Levels Than Firms With Poor Accruals Quality. This Finding Suggests That The Quality Of Accounting Information May Reduce The Negative Effects Of Information Asymmetries And Adverse Selection Costs, Allowing Firms To Reduce Their Level Of Corporate Cash Holdings. The Results Also Show That Cash Holdings Decrease When Firms Increase Their Use Of Bank Debt And In The Presence Of Cash Substitutes. In Contrast With This, Firms With Higher Cash Flow Hold Higher Levels Of Cash.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 145 citations exist upstream.

References

1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations 1984Corporate financing and investment decisions when firms have information that investors do not have 1998Law and Finance 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 1977Determinants of corporate borrowing 1984Financial Intermediation and Delegated Monitoring 1988Management ownership and market valuation 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have

Cited by

2011Earnings quality and corporate cash holdings 2018Cash holdings and earnings quality: evidence from the Main and Alternative UK markets 2017Financial statement comparability and corporate cash holdings 2017Social capital and corporate cash holdings 2017The effect of financial reporting quality on corporate investment efficiency: Evidence from the Tunisian stock market

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.