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Corporate financial policy and the value of cash michael faulkender and rong wang⁄ abstract we examine the cross-sectional variation in the marginal value of corporate cash holdings that. When the financial manager addresses compensation issues, individuals should be rewarded based upon their individual performance, the value they bring the company as a whole, and compliance with company policies and expectations. Gm financial's mission is to create value for our stakeholders by constantly code of business conduct and ethics our company - gm financial policies and. The journal of finance • vol lxi, no 4 • august 2006 corporate financial policy and the value of cash michael faulkender and rong wang∗ abstract.
Topical areas of interest include, but are not limited to: financial structure, payout policies, corporate restructuring, financial contracts, corporate governance arrangements, the economics of organizations, the influence of legal structures, and international financial management.