The Effect of Peer Firms on the Marginal Value of Cash Holdings: The Moderating Role of Firm Size and Market Competition
Cash holdings can help firms manage risk, respond to unexpected events, and enhance financial flexibility. However, excessive cash balances may exacerbate agency problems and erode firm value. In cash‐holding decisions, the behavior of peer firms plays a critical role, and this influence may be cond...
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| Hlavní autoři: | , |
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| Médium: | Artigo |
| Jazyk: | Persa |
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Alzahra University, Faculty of Social Sciences and Economics
2025-12-01
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| Edice: | پژوهشهای تجربی حسابداری |
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| On-line přístup: | https://jera.alzahra.ac.ir/article_8749_26a46ea395cf6a8c2f73d7e86a68afe6.pdf |
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