dalimunthe, nindytia puspitasari and wulan, mutiasari nur and paujiah, sipa (2019) The Role of Business Group in Mitigating Agency Theory Caused by Excess Cash Holdings. In: 2nd ICEBE (International Conference of Economics Bussiness & Enterpreneurship) Future Opportunites and Challenges of Bussiness in Digital Era, 1 November 2019, Swiss Bell Hotel Bandar Lampung.

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Abstract

This paper defines the firms that hold excess cash by using data from 2000-2014. The result shows that firms that hoard more cash have lower firms values than their counter-parts. It indicates that cash will be used inefficiently and has an impact on lower firm value. However, when firms are affiliated with business group, the negative effect of excess cash is weaken.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	agency theory, excess cash holdings, business group, firm value
Subjects:	H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User:	Unnamed user with username 0024059003
Date Deposited:	27 May 2020 01:44
Last Modified:	27 May 2020 01:44
URI:	http://repository.lppm.unila.ac.id/id/eprint/20446

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