Drobetz, Wolfgang; Grüninger, Matthias C. - Wirtschaftswissenschaftliches Zentrum <Basel> - 2006
This paper investigates the determinants of a broad sample of Swiss non-financial firms’cash holdings between 1995 and … 2004. The median Swiss firm holds almost twice asmuch cash and cash equivalents as the median U.S. or U.K. firm. Our … results indicate thatasset tangibility and firm size are both negatively related to cash holdings and that there isa non …