Cash holdings and business conditions
We investigate the relation between business conditions and corporate liquidity decisions by US firms. We find strong evidence that financially constrained firms hold more cash during recessions and that business conditions are significant to constrained firms’ cash decisions. In contrast, we find w...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2022
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/24369 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/24369 |