All Outputs (3)

Employees’ reviews and stock price informativeness (2023)
Journal Article
Kyiu, A., Tawiah, B., & Boamah, O. (2023). Employees’ reviews and stock price informativeness. Economics Letters, 233, Article 111406. https://doi.org/10.1016/j.econlet.2023.111406

We investigate the relationship between employee reviews and stock price informativeness. Using a sample of US firms, we find that firms with higher employee satisfaction are associated with greater stock price informativeness in terms of idiosyncrat... Read More about Employees’ reviews and stock price informativeness.

Cash holdings and corporate investment: Evidence from COVID-19 (2022)
Journal Article
Tawiah, B., & Keefe, M. (in press). Cash holdings and corporate investment: Evidence from COVID-19. Review of Corporate Finance, https://doi.org/10.2139/ssrn.3712767

Firms hold cash for precautionary reasons. The COVID-19 pandemic plausibly represents an exogenous shock for which firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that Capital Expe... Read More about Cash holdings and corporate investment: Evidence from COVID-19.

Financing a corporate venture capital program (2021)
Journal Article
Tawiah, B., & Keefe, M. (2022). Financing a corporate venture capital program. Journal of Banking and Finance, 135, Article 106364. https://doi.org/10.1016/j.jbankfin.2021.106364

Firms invest in Corporate venture capital (CVC) for strategic reasons. Consistent with maintaining financial flexibility to fund CVC driven innovation and acquisitions, CVC investing firms hold less debt and more cash. Our results are more pronounced... Read More about Financing a corporate venture capital program.