Latest Achievements

Faculty Humnath Panta, Business
Dr. Panta presented a paper entitled "Political Favoritism and Value of Corporate Cash Holdings " at the Southwestern Finance Association Annual conference held in New Orleans on March 3rd, 2022. This paper examines the impact of political favoritism on the value of corporate cash holdings and finds cash holding, on average, is less valuable for politically favored firms than their counterparts. In other words, this study shows that political favoritism is associated with a decrease of $0.44 in value for a $1.00 in cash holding. The authors define the stock ownership by the member of the US Congress as a measure of political favoritism to a firm.
Academic Department
Business
Achievement (100 Words Max)
Dr. Panta presented a paper entitled "Political Favoritism and Value of Corporate Cash Holdings " at the Southwestern Finance Association Annual conference held in New Orleans on March 3rd, 2022. This paper examines the impact of political favoritism on the value of corporate cash holdings and finds cash holding, on average, is less valuable for politically favored firms than their counterparts. In other words, this study shows that political favoritism is associated with a decrease of $0.44 in value for a $1.00 in cash holding. The authors define the stock ownership by the member of the US Congress as a measure of political favoritism to a firm.
Name(s) of People Involved
Humnath Panta
Type of Achievement
Faculty
Submitter's Full Name
Humnath Panta
Email
humnath.panta@humboldt.edu
College
CPS