Pham, Tho, Talavera, Oleksandr, Wood, Geoffrey et al. (1 more author) (2022) Quality of working environment and corporate financial distress. Finance Research Letters. 102449. ISSN 1544-6123
Abstract
This study examines the impacts of quality of working environment and its components on corporate financial distress. Employing a unique dataset of firm-level data from 41 countries over the period of 2012–2018, we find that a better working environment is related to a higher level of financial soundness. Particularly, firms which have better training and career development policies are less likely to take excessive risks. Further examination suggests that the quality of working environment tends to affect corporate financial risk by influencing firms’ cash holding policies.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2021 Elsevier Inc. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) |
Depositing User: | Pure (York) |
Date Deposited: | 03 Feb 2023 12:10 |
Last Modified: | 16 Oct 2024 19:02 |
Published Version: | https://doi.org/10.1016/j.frl.2021.102449 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1016/j.frl.2021.102449 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:196018 |