The Influence of CEO Characteristics on Corporate Cash Holdings of Small Cap Companies: An empirical analysis of Germany
This study investigates the influence of CEO characteristics on corporate cash holdings. Previous research has already led to an extensive body of firm specific determinants of such, which connects tradeoff, agency and other theories. The upper echelons theory has until present not experienced major attention with regard to this field. This work shows that idiosyncratic managerial values, cognitiv