DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Park, Kwangwoo | - |
dc.contributor.advisor | 박광우 | - |
dc.contributor.author | Park, Dongwoo | - |
dc.date.accessioned | 2022-04-15T07:56:48Z | - |
dc.date.available | 2022-04-15T07:56:48Z | - |
dc.date.issued | 2021 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=949190&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/294884 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 경영공학부, 2021.2,[iii, 19 p. :] | - |
dc.description.abstract | In this paper, I examine the relation between political risk and corporate cash holdings. Using firm-level political risk index based on textual analysis, I find that firms with high political risk are likely to hold more cash. This study also tries to identify how lobbying activity affects cash holdings with political risks considered together. Through a super-tight presidential election, I tried to mitigate the endogenous concern. Results indicate that firms with high lobby expenditure hold more cash and political risk accelerates this effect when election is not predictable. Lastly, this study shows that effect of political risk on cash holding extends beyond business cyclicality. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Political Risk▼aCash Holdings▼aLobbying | - |
dc.subject | 정치적 위험▼a기업의 현금보유▼a로비활동 | - |
dc.title | Political risk, lobbying activity and corporate cash holdings | - |
dc.title.alternative | 정치적 위험에 따른 기업의 현금보유와 로비활동에 관한 연구 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :경영공학부, | - |
dc.contributor.alternativeauthor | 박동우 | - |
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