HIGHLIGHTS
- What: The aim of this Article is to check whether socially responsible activities influence the cash holding policy in European Using a sample of 1 352 European during 2006-2015 the authors find that with good social performance hold less cash than with lower social performance. Cheung also included in the sample of his study, aiming to identify the channels through which social performance affects the value of cash held in the company, 2333 companies from several different * Assistant professor in finance. The authors focus on the issue of shareholder protection and its joint effect with social . . .

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