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The effect of exploratory trademark strategy on corporate cash holdings

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成果类型:
期刊论文
作者:
Zou, Ying;Li, Jianxin;Lai, Shufang;Li, Min
通讯作者:
Lai, SF
作者机构:
[Zou, Ying; Li, Jianxin] Changsha Univ Sci & Technol, Sch Econ & Management, Changsha 410076, Peoples R China.
[Zou, Ying] Hunan Inst Sci & Technol, Sch Econ & Management, Yueyang 414006, Peoples R China.
[Lai, Shufang] Southern Univ Sci & Technol, Business Sch, Shenzhen 518055, Peoples R China.
[Li, Min] Univ St Andrews, Business Sch, St Andrews KY16 9AJ, Scotland.
通讯机构:
[Lai, SF ] S
Southern Univ Sci & Technol, Business Sch, Shenzhen 518055, Peoples R China.
语种:
英文
关键词:
Exploratory trademark strategy;Intellectual property management;Corporate cash holdings;CEOs
期刊:
International Review of Financial Analysis
ISSN:
1057-5219
年:
2025
卷:
102
页码:
104013
基金类别:
support Ying Zou acknowledges the research grant from the Scientific Research Foundation of Hunan Education Department (No. 23B1098 ). Shufang Lai acknowledges the research grant from the National Natural Science Fund of China (No. 72002093 ).
机构署名:
本校为第一机构
院系归属:
经济与管理学院
摘要:
The theoretical and empirical focus of this study is the relationship between exploratory trademark strategy and corporate cash holdings, which is rarely explored in the literature. Using data from Chinese listed firms over the 2005–2021 period, we find a positive correlation between firms' exploratory trademark strategies and their cash holdings. Our cross-sectional analyses reveal that this effect is particularly strong in firms facing greater environmental uncertainty, higher financial constraints, and weaker corporate governance. We also f...

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