Effect of the structure of the board of directors on cash holdings of publicly traded companies

Authors

DOI:

https://doi.org/10.19094/contextus.2020.44362

Keywords:

cash holdings, board of directors, corporate governance, publicly traded companies, Agency Theory

Abstract

The board of directors is an important internal mechanism of corporate governance, since its primary function is to monitor the actions of the executive board, which reduces possible managerial failures. In this sense, this study aims to verify the effect of the structure of the board of directors on cash holdings of publicly traded companies in the period between 2010 and 2018. The data were analyzed by multiple and quantile regressions and the results showed that the board independence, CEO duality and the board size positively affect the amount of cash by publicly traded companies.

Author Biographies

Marília Paranaíba Ferreira, Universidade Federal de Santa Catarina

Doutoranda em Contabilidade pela Universidade Federal de Santa Catarina (UFSC).

Mestra em Contabilidade pela Universidade Federal de Goiás (UFG).

 

Ernesto Fernando Rodrigues Vicente, Universidade Federal de Santa Catarina

Doutor em Administração pela Universidade de São Paulo (USP).

Professor do Programa de Pós-Graduação em Contabilidade da Universidade Federal de Santa Catarina (UFSC).

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Published

2020-12-14

How to Cite

Ferreira, M. P., & Vicente, E. F. R. . (2020). Effect of the structure of the board of directors on cash holdings of publicly traded companies. Contextus - Contemporary Journal of Economics and Management, 18, 275–289. https://doi.org/10.19094/contextus.2020.44362

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