Boubaker, Sabri; Derouiche, Imen; Nguyen, Duc - In: Journal of Management and Governance 19 (2015) 2, pp. 341-370
Prior studies show that agency conflicts are important in explaining corporate financial policies and that the board of directors is central to corporate governance. In this study, we examine the role of this governing body in the accumulation of cash reserves. Using a sample of 597 French...