Economic policy uncertainty and corporate cash holdings: the moderating role of country-level of corruption and uncertainty avoidance

被引：0

作者：

Didin-Sonmez, Fatma ^{[1
]}

Tournus, Pinar Sener ^{[2
,4
]}

Akben-Selcuk, Elif ^{[3
]}

机构：

[1] Istanbul Bilgi Univ, Dept Econ, Eski Silahtaraga Elekt Santrali Kazim Karabekir Ca, Istanbul, Turkiye

[2] ESSCA Sch Management, Dept Finance Accounting & Management Control, Boulogne Billancourt, France

[3] Gebze Tech Univ, Gebze Technical University, Kocaeli, Turkiye

[4] ESSCA Sch Management, Dept Finance Accounting & Management Control, F-92513 Boulogne Billancourt, France

来源：

APPLIED ECONOMICS LETTERS | 2024年

关键词：

Economic policy uncertainty; control of corruption; uncertainty avoidance; corporate cash holdings;

D O I：

10.1080/13504851.2024.2332561

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship between economic policy uncertainty and corporate cash holdings using data from seven emerging countries for the 2010-2018 period. Empirical results show that firms tend to hold more cash when EPU is high. Moreover, this positive relationship is stronger in countries with better control of corruption and in high uncertainty avoidance cultures. Results are robust to different measures of cash holdings and EPU.

引用

页数：6

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