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Employment stability and corporate cash holdings
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Han, Syungjin | - |
| dc.contributor.author | Kim, Changhyun | - |
| dc.date.accessioned | 2021-10-12T08:43:19Z | - |
| dc.date.available | 2021-10-12T08:43:19Z | - |
| dc.date.created | 2021-09-30 | - |
| dc.date.issued | 2022-01-01 | - |
| dc.identifier.issn | 1350-4851 | - |
| dc.identifier.uri | https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/16350 | - |
| dc.description.abstract | This paper investigates how a firm's employment stability affects the level of its cash holdings. We find that firms with high employment stability (as measured by one minus a firm's employment elasticity with respect to its sales) maintain large cash holdings. The positive effect of employment stability on cash holdings is stronger for R&D intensive firms and firms with high firm-specific human capital. These results are consistent with theories predicting that firms hold cash to signal the credibility of their employment policies regarding job security. | - |
| dc.language | 영어 | - |
| dc.language.iso | en | - |
| dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | - |
| dc.title | Employment stability and corporate cash holdings | - |
| dc.type | Article | - |
| dc.contributor.affiliatedAuthor | Han, Syungjin | - |
| dc.identifier.doi | 10.1080/13504851.2021.1967274 | - |
| dc.identifier.scopusid | 2-s2.0-85113786216 | - |
| dc.identifier.wosid | 000686831500001 | - |
| dc.identifier.bibliographicCitation | APPLIED ECONOMICS LETTERS, v.29, no.21, pp.1991 - 1995 | - |
| dc.relation.isPartOf | APPLIED ECONOMICS LETTERS | - |
| dc.citation.title | APPLIED ECONOMICS LETTERS | - |
| dc.citation.volume | 29 | - |
| dc.citation.number | 21 | - |
| dc.citation.startPage | 1991 | - |
| dc.citation.endPage | 1995 | - |
| dc.type.rims | ART | - |
| dc.type.docType | Article | - |
| dc.description.journalClass | 1 | - |
| dc.description.journalRegisteredClass | ssci | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalWebOfScienceCategory | Economics | - |
| dc.subject.keywordPlus | UNEMPLOYMENT | - |
| dc.subject.keywordAuthor | Cash holdings | - |
| dc.subject.keywordAuthor | employment stability | - |
| dc.subject.keywordAuthor | job security | - |
| dc.subject.keywordAuthor | implicit contract | - |
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Related Researcher
- Han, Syung Jin
- Business Administration (Business Administration)