Litigation risk and cash holdings

被引：0
|
作者：
Malm J. [1 ]
Kanuri S. [2 ]
机构：
[1] Department of Finance, College of Charleston, Charleston, 29424, SC
[2] Department of Finance, Real Estate and Business Law, College of Business, University of Southern Mississippi, Hattiesburg, 39406, MS
来源：
Journal of Economics and Finance | 2017年 / 41卷 / 4期
关键词：
Cash holdings; Litigation risk;
D O I：
10.1007/s12197-016-9373-7
中图分类号：
学科分类号：
摘要：
We use a unique hand-collected dataset on corporate lawsuits to examine the relationship between litigation risk and cash holdings. We find that an increase in litigation risk is associated with a significant increase in cash holdings. In addition, we document a positive relationship between the level of cash holdings and lawsuits related to the violations of labor, intellectual property, contracts, securities, environmental, product liability, medical liability, and other laws. © 2016, Springer Science+Business Media New York.
引用
收藏
页码：679 / 700
页数：21
相关论文
共 50 条
  • [1] Litigation risk and corporate cash holdings: The moderating effect of CEO tenure
    Liu, Lei
    [J]. FINANCE RESEARCH LETTERS, 2024, 69
  • [2] Refinancing Risk and Cash Holdings
    Harford, Jarrad
    Klasa, Sandy
    Maxwell, William F.
    [J]. JOURNAL OF FINANCE, 2014, 69 (03): : 975 - 1012
  • [3] Cash Holdings and Credit Risk
    Acharya, Viral
    Davydenko, Sergei A.
    Strebulaev, Ilya A.
    [J]. REVIEW OF FINANCIAL STUDIES, 2012, 25 (12): : 3572 - 3609
  • [4] Risk Disclosure and Corporate Cash Holdings
    Haj-Salem, Issal
    Hussainey, Khaled
    [J]. JOURNAL OF RISK AND FINANCIAL MANAGEMENT, 2021, 14 (07)
  • [5] Corporate reputation risk and cash holdings
    Hasan, Mostafa Monzur
    Habib, Ahsan
    Zhao, Ruoyun
    [J]. ACCOUNTING AND FINANCE, 2022, 62 (01): : 667 - 707
  • [6] Corporate cash holdings and industry risk
    Lee, Jinsook
    [J]. JOURNAL OF FINANCIAL RESEARCH, 2024, 47 (02) : 435 - 470
  • [7] Credit risk spillovers and cash holdings
    Lei, Jin
    Qiu, Jiaping
    Wan, Chi
    Yu, Fan
    [J]. JOURNAL OF CORPORATE FINANCE, 2021, 68
  • [8] Cash holdings, risk, and expected returns
    Palazzo, Berardino
    [J]. JOURNAL OF FINANCIAL ECONOMICS, 2012, 104 (01) : 162 - 185
  • [9] Tail risk spillovers and corporate cash holdings
    Chiu, Wan-Chien
    Wang, Chih-Wei
    Pena, Juan Ignacio
    [J]. JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT, 2016, 36 : 30 - 48
  • [10] Cash Holdings, Capital Structure, and Financing Risk
    Sun, Qi
    Xia, Junjie
    [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2022, 57 (02) : 790 - 824
12345