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rather than cash; that is, to understand changes in socioeconomic factors on the long-term use of alternatives to cash. Using …
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mergers and acquisitions in the travel and tour-operating industries. Previous research on the ‘law and finance’ perspectives … regression to model the determinants of cash in a sample of 750 mergers and acquisitions by combining the research streams above …. Our results provide evidence of the relationship between investor protection and the use of cash. …
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The paper explores the precarious balance between modernizing monetary systems by means of digital currencies (either issued by the central bank itself or independently) and safeguarding financial stability as also ensured by tangible payment (and saving) instruments like paper money. Which...
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We examine how an innovation in payment technology impacts on consumer payment choice and cash demand. We study the … reduction in the cash share of payments and no reduction of average cash demand. Treatment effects on payment choice are … strongest among consumers with an intermediate pre-treatment use of cash. Explorative analyses reveal that effects are largely …
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