The Influence of Corporate Governance on cash holdings; Empirical evidence from Jordan.

Muhammad Noman, Badariah Haji Din, Fakhara Mustafa

Abstract


The basic purpose of the current study to test the influence of corporate governance (CG) on companies’ cash holding in Jordan. For this purpose, study use the penal data which was taken from the annual reports of the Jordanian manufacturing listed companies on Amman Stock Exchange (ASE). Data was collected 26 companies out of 69 manufacturing companies over the period of five years 2008 to 2012. The results of the study indicate, BOS, BOI, and CEO_D is significantly link with the cash holding of companies. The current study finding showing the importance of the CG which may be help to policy maker and practitioners to recognized the influence of CG. Future studies should consider more elements of the corporate governance.


Keywords


Corporate Governance, cash holdings, Jordan

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