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~subject:"Cash Flow Trade-offs"
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Cash Flow Trade-offs
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The marginal value of cash, cash flow sensitivities, and bank-finance shocks in
nonlisted
firms
Ostergaard, Charlotte
;
Sasson, Amir
;
Sørensen, Bent E
-
C.E.P.R. Discussion Papers
-
2011
We study how
nonlisted
firms
trade off financial, real, and distributive uses of cash. We show that firms' marginal …
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