Um- E- Habiba
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Um- E- Habiba has a total of 4 co-authors. Here are the top co-authors by number of shared publications:
Bushra Sarwar
School of Management Sciences, Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI), Swabi, Pakistan
1 shared publication- Muhammad Husnain
Department of Business Administration, University of Sahiwal, Sahiwal 57000, Pakistan
1 shared publication Waris Ali
Department of Business Administration, University of Sahiwal, Sahiwal 57000, Pakistan
1 shared publicationWu MengYun
School of Finance & Economics, Jiangsu University, Zhenjiang 212013, China
1 shared publication
Latest Publications
- Open Access
- 1 January 2021
- Published by Wiley in Complexity
- Vol. 2021 (1)
Board Financial Expertise and Corporate Cash Holdings: Moderating Role of Multiple Large Shareholders in Emerging Family Firms
This study contributes to the literature by exploring the relationship between board financial expertise and cash holding policy and further showing how this relation is moderated by multiple large shareholders (MLS). This research is based on agency theory, resource dependence, trade‐off, and pecking order theory to confirm how resourceful directors screen cash holding practices. This study selects the 100 listed family firms from the emerging economy of Pakistan for the period of 2006–2017. With the use of static (random and fixed effect estimator) and dynamic (GMM) estimation techniques, this study reveals that the financial expertise of the board members has a significant negative impact on the firms’ cash holding level. Further, moderating effect of MLS between board financial expertise and cash holding is significantly positive due to weak corporate governance mechanisms in family firms. Moreover, the research has implications for developing corporate governance mechanism and the management of liquid assets that corporate management might use for their benefits.
- 1 January 2021
- Published by Wiley in Complexity
- Vol. 2021 (1)
Open AccessBoard Financial Expertise and Corporate Cash Holdings: Moderating Role of Multiple Large Shareholders in Emerging Family Firms
This study contributes to the literature by exploring the relationship between board financial expertise and cash holding policy and further showing how this relation is moderated by multiple large shareholders (MLS). This research is based on agency theory, resource dependence, trade‐off, and pecking order theory to confirm how resourceful directors screen cash holding practices. This study selects the 100 listed family firms from the emerging economy of Pakistan for the period of 2006–2017. With the use of static (random and fixed effect estimator) and dynamic (GMM) estimation techniques, this study reveals that the financial expertise of the board members has a significant negative impact on the firms’ cash holding level. Further, moderating effect of MLS between board financial expertise and cash holding is significantly positive due to weak corporate governance mechanisms in family firms. Moreover, the research has implications for developing corporate governance mechanism and the management of liquid assets that corporate management might use for their benefits.