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What is Ceo Ability and Cash Holding Decision about?
This study investigates the impact of CEO ability on corporate cash holdings, revealing that more capable CEOs are associated with higher levels of cash stock at the firm level. Using data from nearly 15,000 US companies, the research demonstrates that CEO ability significantly influences cash management, particularly in financially sound firms. The findings suggest that selecting skilled CEOs can enhance cash policy decision-making, benefiting shareholders and corporate growth.
- Author
- Hadeer Seif
- Language
- EN