State Ownership, Soft-Budget Constraints, and Cash Holdings: Evidence from China's Privatized Firms

By W. Megginson, Barkat Ullah, Zuobao Wei. 2014

252 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/c32579dda6376f1cb271c156d61d9b81cc4c43d6

Citations in the corpus

• Corporate cash holdings: Causes and consequences (2015, unknown): “27 holdings reported by Megginson et al. (2014) is due to the soft budget constraint having less of an impact on firms’ behaviour. They also report that the decline in state ownership is associated with an increase in the marginal value of cash, which suggests shareholders are more likely to value c”