Uyar, Ali; Kuzey, Cemil - In: Applied Economics 46 (2014) 9, pp. 1035-1048
This study analyses the factors that might explain the level of corporate cash holdings in a broad sample of Turkish-listed nonfinancial firms over the period 1997 to 2011. The empirical results reveal that, on average, Turkish firms hold 9.1% of their total assets as cash and cash equivalents....