• When Does Cash Matter? 

      Ehling, Paul; Haushalter, David (CCGR Working Paper;6/2011, Working paper, 2011)
      We examine the association between a firm’s cash holdings and its performance. Using a large sample of private companies, we find that the importance of cash for a firm’s performance varies substantially with its size ...
    • Why Do Boards Exist? Governance in the Absence of Corporate Law 

      Burkart, Mike; Miglietta, Salvatore; Østergaard, Charlotte (CCGR Working Paper;1/2017, Working paper, 2017)
      We study how owners trade off the costs and benefits of establishing a board in a historical setting, where boards are optional and authority over corporate decisions can be freely allocated across the general meeting, the ...