AbstractThis study examines the motives of corporations in the Gulf Cooperation Council (GCC) countries to hold cash with a focus on institutional characteristics related to the threat of political extraction. Using firm-level financial data and macro-level and institutional data and applying the GMM estimation method. the study finds that corruption (a proxy of the threat of politica... https://globechemicalcompanyls.shop/product-category/paper-roll-towel/
The threat of political extraction and corporate cash holdings: The case of the GCC countries
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