Article ID Journal Published Year Pages File Type
5089581 Journal of Banking & Finance 2013 15 Pages PDF
Abstract
► We study the link between cash holdings and the level of investor protection. ► We examine periods before and after the emerging market crises of late 1990s. ► Cross-listed firms, with greater investor protection, hold more cash. ► The importance of investor protection increased after the emerging market crises. ► Firms cross-listed in the US hold more cash due to higher valuation of cash.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Investor protection and cash holdings: Evidence from US cross-listing
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