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Zhao, Gege
Im, Hyun Joong
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Uncertainty and the value of cash holdings
Im, Hyun Joong
;
Park, Heungju
;
Zhao, Gege
- In:
Economics letters
155
(
2017
),
pp. 43-48
Persistent link: https://www.econbiz.de/10011821543
Saved in:
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Uncertainty and the Value of Cash Holdings
Im, Hyun Joong
-
2017
We find that a firm facing higher uncertainty has a higher value of cash. This effect is attributed to the increased value of the option to wait and see as well as the aggravated financial constraints and mitigated agency conflicts
Persistent link: https://www.econbiz.de/10012962206
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