The Impact of Boards of Directors’ Characteristics on Cash Holdings

Ayed Ahmad Khalifah Aizyadat

doi:doi:10.11648/j.ijfbr.20220802.11

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The Impact of Boards of Directors’ Characteristics on Cash Holdings

Ayed Ahmad Khalifah Aizyadat

Published in International Journal of Finance and Banking Research (Volume 8, Issue 2)

Received: 27 January 2022 Accepted: 15 February 2022 Published: 29 March 2022

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Abstract

This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.

Published in	International Journal of Finance and Banking Research (Volume 8, Issue 2)
DOI	10.11648/j.ijfbr.20220802.11
Page(s)	57-61
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Cash Holdings, Board Size, Board Independence, Board Gender, Jordan Stock Market

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APA Style

Ayed Ahmad Khalifah Aizyadat. (2022). The Impact of Boards of Directors’ Characteristics on Cash Holdings. International Journal of Finance and Banking Research, 8(2), 57-61. https://doi.org/10.11648/j.ijfbr.20220802.11

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ACS Style

Ayed Ahmad Khalifah Aizyadat. The Impact of Boards of Directors’ Characteristics on Cash Holdings. Int. J. Finance Bank. Res. 2022, 8(2), 57-61. doi: 10.11648/j.ijfbr.20220802.11

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AMA Style

Ayed Ahmad Khalifah Aizyadat. The Impact of Boards of Directors’ Characteristics on Cash Holdings. Int J Finance Bank Res. 2022;8(2):57-61. doi: 10.11648/j.ijfbr.20220802.11

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@article{10.11648/j.ijfbr.20220802.11,
  author = {Ayed Ahmad Khalifah Aizyadat},
  title = {The Impact of Boards of Directors’ Characteristics on Cash Holdings},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {2},
  pages = {57-61},
  doi = {10.11648/j.ijfbr.20220802.11},
  url = {https://doi.org/10.11648/j.ijfbr.20220802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220802.11},
  abstract = {This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.},
 year = {2022}
}

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TY  - JOUR
T1  - The Impact of Boards of Directors’ Characteristics on Cash Holdings
AU  - Ayed Ahmad Khalifah Aizyadat
Y1  - 2022/03/29
PY  - 2022
N1  - https://doi.org/10.11648/j.ijfbr.20220802.11
DO  - 10.11648/j.ijfbr.20220802.11
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 57
EP  - 61
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20220802.11
AB  - This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.
VL  - 8
IS  - 2
ER  -

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Author Information

Ayed Ahmad Khalifah Aizyadat

Department of Finance & Banking Science, Irbid National University, Irbid, Jordan

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APA Style

Ayed Ahmad Khalifah Aizyadat. (2022). The Impact of Boards of Directors’ Characteristics on Cash Holdings. International Journal of Finance and Banking Research, 8(2), 57-61. https://doi.org/10.11648/j.ijfbr.20220802.11

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ACS Style

Ayed Ahmad Khalifah Aizyadat. The Impact of Boards of Directors’ Characteristics on Cash Holdings. Int. J. Finance Bank. Res. 2022, 8(2), 57-61. doi: 10.11648/j.ijfbr.20220802.11

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AMA Style

Ayed Ahmad Khalifah Aizyadat. The Impact of Boards of Directors’ Characteristics on Cash Holdings. Int J Finance Bank Res. 2022;8(2):57-61. doi: 10.11648/j.ijfbr.20220802.11

Copy | Download

@article{10.11648/j.ijfbr.20220802.11,
  author = {Ayed Ahmad Khalifah Aizyadat},
  title = {The Impact of Boards of Directors’ Characteristics on Cash Holdings},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {2},
  pages = {57-61},
  doi = {10.11648/j.ijfbr.20220802.11},
  url = {https://doi.org/10.11648/j.ijfbr.20220802.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220802.11},
  abstract = {This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Boards of Directors’ Characteristics on Cash Holdings
AU  - Ayed Ahmad Khalifah Aizyadat
Y1  - 2022/03/29
PY  - 2022
N1  - https://doi.org/10.11648/j.ijfbr.20220802.11
DO  - 10.11648/j.ijfbr.20220802.11
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 57
EP  - 61
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20220802.11
AB  - This study examined the influence of corporate governance on company cash holding by explaining the relationship between board size, board independence, board gender and cash holding using a sample of 87 non-financial companies including industrial and service companies that listed on the Amman Stock Exchange from 2018 to 2020. By using random-effect generalized least square (GLS) regression model. The findings indicate that board size negatively influences cash holdings, while board gender has a positive association with cash holdings. Further, board independence did not have a direct effect on cash holdings in Jordan. This research contributes to the development of improved corporate governance policies that can help improve firm cash holdings. This study encourages Jordanian companies to use women who can give better monitoring services while also benefiting from their experiences. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level cash holdings.
VL  - 8
IS  - 2
ER  -

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