We investigate the firms’ specific attributes that determine the difference in speed of adjustment (SOA) towards the cash holdings target in the Scandinavian countries: Denmark, Norway and Sweden. We examine whether Scandinavian firms maintain an optimal level of cash holdings and determine if the active cash holdings management is associated with the firms’ higher SOA and lower adjustment costs. Our findings substantiate that a higher level of off-target cost induces professional managers to rebalance their cash level towards the optimal balance (...) of cash holdings. Our results reveal that Scandinavian firms accelerate SOA towards cash targets primarily for the precautionary motive. Moreover, our results show that SOA is heterogeneous across Scandinavian firms based on adjustment cost and deviate cash holdings towards the target mainly with the support of internal financing. Furthermore, our empirical findings show that the SOA of Norwegian firms is significantly higher than the Danish and Swedish firms. (shrink)

Awais Khan’s literary excellence “In the Company of Strangers” revolves around the female characters, in which he engages in the complicated themes of relationships, social expectations, self-fulfilment, women empowerment, and feminist creation. Through his writings, having portrayed different age groups and social classes with great sensitivity, he presents his groundbreaking work as a vital platform to give extended voice to the featured stories that would ordinarily not be heard in mainstream anglophone Pakistani literature. Through the novel under analysis, the (...) writer reinforces the literary landscape of the country, adding the depth and complexity of stories that shine the light on the manifold diversities of women's experiences. By employing the idea of ‘gender’ proposed by Simon de Beauvoir and Judith Butler respectively, this paper aims to unmask the patterns of female self-drive and marks of domestic violence intricated in the structures of endocentric capitalism. (shrink)