{\rtf1\ansi\deff0\deftab360 {\fonttbl {\f0\fswiss\fcharset0 Arial} {\f1\froman\fcharset0 Times New Roman} {\f2\fswiss\fcharset0 Verdana} {\f3\froman\fcharset2 Symbol} } {\colortbl; \red0\green0\blue0; } {\info {\author Biblio 7.x}{\operator }{\title Biblio RTF Export}} \f1\fs24 \paperw11907\paperh16839 \pgncont\pgndec\pgnstarts1\pgnrestart R. Chou, Wang, Y. - C., and Yang, J., ?Share Pledging, Payout Policy, and the Value of Cash Holdings?, Journal of Empirical Finance, vol. 61, no. March, pp. 18-33, 2021.\par \par }