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Do paid maternity leave mandates affect corporate cash holdings

被引：0
|
作者：
Gao, Shangyi [1 ]
Cheong, Chee Seng [1 ]
Zurbruegg, Ralf [1 ]
机构：
[1] Univ Adelaide, Adelaide Business Sch, Adelaide, SA 5000, Australia
来源：
ECONOMICS LETTERS | 2024年 / 236卷
关键词：
Paid maternity leave; Cash holdings; Difference; -in; -differences; IMPACT;
D O I：
10.1016/j.econlet.2024.111618
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines whether paid maternity leave laws affect corporate cash holdings. Using a difference-indifferences approach, we find the staggered introduction of these laws significantly reduce firm cash reserves, especially in labor-intensive industries. Further analysis indicates that increased employee productivity postadoption associates with declining cash holdings, representing a channel linking these laws to precautionary savings motives.
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页数：3
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