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Corporate Cash Holdings and Corporate Governance Quality in Turkey

International Journal of Management Economics and Business, 2016

Posted: 7 Jun 2019

See all articles by Nida Abdioglu

Nida Abdioglu

Bandirma Onyedi Eylul University/ Faculty of Economics and Administrative Sciences

Date Written: 2016

Abstract

This paper investigates the role of corporate governance quality on corporate cash holdings of the firms listed in Borsa Istanbul 100 Index for the period 2009-2013. System-GMM panel regressions are used in order to test the hypothesis. It is found that as the corporate governance quality decreases, cash holding ratios of the firms increase. Therefore, in case of poor investor protection, the managers use the firms' resources for their own interests at the expense of shareholders. This conflict can be solved with the increased corporate governance quality.

Keywords: Corporate Cash Holdings, Corporate Governance Quality, Panel Data, System-GMM, Borsa Istanbul

Suggested Citation

Abdioglu, Nida, Corporate Cash Holdings and Corporate Governance Quality in Turkey (2016). International Journal of Management Economics and Business, 2016, Available at SSRN: https://ssrn.com/abstract=3392357

Nida Abdioglu (Contact Author)

Bandirma Onyedi Eylul University/ Faculty of Economics and Administrative Sciences ( email )

Balikesir, 10200
Turkey

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