| dc.contributor | 財管系 | - |
| dc.creator (作者) | 周冠男 | - |
| dc.creator (作者) | Chou, Robin K.;Chen, Hsuan-Chi;Lu, Chien-Lin | - |
| dc.date (日期) | 2023-06 | - |
| dc.date.accessioned | 12-Oct-2023 09:01:11 (UTC+8) | - |
| dc.date.available | 12-Oct-2023 09:01:11 (UTC+8) | - |
| dc.date.issued (上傳時間) | 12-Oct-2023 09:01:11 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/147934 | - |
| dc.description.abstract (摘要) | We examine the catering of managers to investors' preference for cash holdings. We find that cash is positively related to the cash-holding premium as represented by the difference in the market-to-book ratios between cash-rich and noncash-rich firms. This positive effect can be attributed to different sources such as internal and external financing, and firms may switch their sources for holding cash when catering to investors' preference. Issuing firms benefit from catering to cash holdings by obtaining higher valuations from the stock market. The catering theory helps explain cash savings especially for firms without a good timing window or financing need. | - |
| dc.format.extent | 98 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | European Finacial Management | - |
| dc.subject (關鍵詞) | cash holdings; catering | - |
| dc.title (題名) | Catering and Cash Savings | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1111/eufm.12438 | - |
| dc.doi.uri (DOI) | https://doi.org/10.1111/eufm.12438 | - |
