學術產出-期刊論文
| 題名 | CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets |
| 作者 | 周冠男 Chou, Robin K.;Bui, Dien Giau;Lin, Chih-Yung;Lu, Chien-Lin |
| 貢獻者 | 財管系 |
| 關鍵詞 | Cash holdings; CEO personality traits; CEO neuroticism; precautionary motives; value of cash |
| 日期 | 2025-01 |
| 上傳時間 | 24-二月-2025 15:36:45 (UTC+8) |
| 摘要 | We examine the effects of CEO neuroticism on corporate policies for cash holdings. After hand collecting tweets by CEOs to measure their neuroticism, we find that firms with relatively neurotic CEOs hold more cash than other firms. This positive effect is more pronounced when the firm has a higher precautionary motive to hold cash. The cash held by firms with neurotic CEOs leads to higher firm values and lower credit risks. Overall, neurotic CEOs maintain more conservative corporate policies on holding cash, resulting in a lower cost of financial distress and an improvement in the value of firms. |
| 關聯 | Journal of Empirical Finance, Vol.80, 101566 |
| 資料類型 | article |
| DOI | https://doi.org/10.1016/j.jempfin.2024.101566 |
| dc.contributor | 財管系 | |
| dc.creator (作者) | 周冠男 | |
| dc.creator (作者) | Chou, Robin K.;Bui, Dien Giau;Lin, Chih-Yung;Lu, Chien-Lin | |
| dc.date (日期) | 2025-01 | |
| dc.date.accessioned | 24-二月-2025 15:36:45 (UTC+8) | - |
| dc.date.available | 24-二月-2025 15:36:45 (UTC+8) | - |
| dc.date.issued (上傳時間) | 24-二月-2025 15:36:45 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/155771 | - |
| dc.description.abstract (摘要) | We examine the effects of CEO neuroticism on corporate policies for cash holdings. After hand collecting tweets by CEOs to measure their neuroticism, we find that firms with relatively neurotic CEOs hold more cash than other firms. This positive effect is more pronounced when the firm has a higher precautionary motive to hold cash. The cash held by firms with neurotic CEOs leads to higher firm values and lower credit risks. Overall, neurotic CEOs maintain more conservative corporate policies on holding cash, resulting in a lower cost of financial distress and an improvement in the value of firms. | |
| dc.format.extent | 109 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Journal of Empirical Finance, Vol.80, 101566 | |
| dc.subject (關鍵詞) | Cash holdings; CEO personality traits; CEO neuroticism; precautionary motives; value of cash | |
| dc.title (題名) | CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jempfin.2024.101566 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jempfin.2024.101566 |