135, Xingang Xi Road
Haizhu District
Guangzhou, Guangdong 510275
China
Sun Yat-sen University (SYSU)
Cash holdings; Economic policy uncertainty; Investment
Labuor protection, leverage, employee pay, bargaining power, capital structure
labor protection, speed of adjustment, corporate cash holdings, adjustment costs, good faith exception, trade-off theory
Corporate diversification, Employment protection, Managerial entrenchment, agency problem