Baum, Christopher F.; Chakraborty, Atreya; Han, Liyan; … - Boston College / Department of Economics - 2009
We find that U.S. corporations' demand for liquidity is sensitive to two importantfactors: uncertainty facing the rm and the quality of corporate governance. Fol-lowing prior research, we find that both factors have important influences on firms'cash holdings. Our results also indicate that the...