This study examines two conflicting hypotheses. First. based on Myers and Majluf (1984). cash holdings in combination with a higher level of information asymmetry have a positive influence on firm value because the adverse selection costs arising from external finance can be avoided. https://www.bekindtopets.com/amazing-offer-Light-Pink-Yeti-30oz-Rambler-Tumbler-Skin-p56021-great-pick/