Investment Committee, Corporate Cash Holdings and Corporate Life Cycle

Baban Eulaiwi, Ahmed Al-Hadi, Syed Hussain, Khamis Al Yahyaee*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)


We investigate the association between voluntary formation of board investment committee (IC) and corporate cash holdings of nonfinancial firms over the corporate life cycle stages for a large sample of Gulf Cooperation Council firms during 2005–2016. We find that IC increases corporate cash holdings in growth and maturity stages of firm, compared to introduction, shake-out, and decline stages. These results have important implications for investors, policy makers, and regulators. Our findings are robust to various econometrics specifications.

Original languageEnglish
JournalInternational Review of Finance
Publication statusAccepted/In press - Jan 1 2018

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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