@article{c6949b87e7e84b04985ad7f1350e4f98,
title = "Directorate interlocks and corporate cash holdings in emerging economies: Evidence from China",
author = "Xiaoqing Li and Anna Fung and Hung-Gay Fung and Penghao Qiao",
note = "The large amount of cash that some corporations hold has recently come under public scrutiny. Prior research has used the agency cost framework to explain why managers prefer large corporate cash holdings. Using a novel and intuitive approach, the resource-dependence perspective, we document that directorate interlocks, in terms of network centrality and structural holes that enable firms to have access to resources, affects firms' cash holdings.",
year = "2020",
month = mar,
day = "1",
doi = "10.1016/J.IREF.2019.12.002",
language = "American English",
volume = "66",
journal = "International Review of Economics \& Finance",
}