How Does Firm-Specific Investor Sentiment Affect the Value of Corporate Cash Holdings?
(2022)
Journal Article
Guo, H., Yin, C., & Zeng, Y. (2023). How Does Firm-Specific Investor Sentiment Affect the Value of Corporate Cash Holdings?. British Journal of Management, 34(1), 410-441. https://doi.org/10.1111/1467-8551.12602
We document a positive relation between firm-specific investor sentiment (FSIS) and the value of cash. We also show that FSIS has a stronger positive effect on the value of cash than the value of other types of assets, suggesting that our finding is... Read More about How Does Firm-Specific Investor Sentiment Affect the Value of Corporate Cash Holdings?.