Information Asymmetry and the Value of Cash

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Corporate social responsibility and bank efficiency (2020, unknown): “These variables have already been used to measure the extent to which institutions enforce investors’ rights (Arouri and Pijourlet, 2017; Drobetz et al., 2010).”
Does the board of directors affect cash holdings? A study of French listed firms (2013, unknown): “More recently, Drobetz et al. (2010) showed that firms with important growth potential tend to increase their cash holdings when information asymmetry is high.”
Corporate cash holding and firm value (2013, methodology): “As access to capital becomes more difficult, forgoing positive NPV projects is more likely (Faulkender and Wang, 2006). Therefore, higher cash holdings increase the likelihood of taking value-enhancing projects that would otherwise be forgone; cash holdings could reduce the firm’s dependence on cost”
Information asymmetry, leverage and firm value: Do crisis and growth matter? (2016, methodology): “Following the extant literature (e.g. Fosu, 2013; Drobetz et al., 2010), we apply a few exclusion criteria: First, we drop firms from the”
The relationship among information asymmetry, dividend policy and ownership structure (2017, methodology): “Information asymmetry (ASY): We followed Li and Zhao (2008) and Drobetz et al. (2010), and defined corporate information asymmetry as the standard deviation of earnings forecast errors by analysts, calculated by the following formula: .”