influence the liquidity of Greek listed firms. It also explores the main factors that drive the level of operating cash flow … (OCF). By simulating a decrease of 50% and 75% in sales, we perform stress-tests on three liquidity ratios for 154 listed … about one year, whereas about 12% would become illiquid within two years. It is also observed that liquidity does not …

their liquidity buffers from 1976 to the 2008 crisis. Diversified banks also hold more illiquid small business loans, less … liquid mortgages, and have higher net liquidity creation. During the crisis, however, better diversified banks hoard more … liquidity. These results suggest that diversification increases liquidity risk-taking capacity in normal times, and that …

financial data of Japanese firms. We find that (i) cash has no value after the predicted shock regardless of the severity of the … financial constraint, (ii) after the unpredicted shock, the value of cash for the financially constrained firms is larger than …, while the value is larger when the unpredicted shock occurs than when the predicted shock occurs for the constrained firms …

economy, namely a demand shock and a shock to bank capital. The main findings of the paper are as follows: i) Impulse …-response analysis shows that in response to a shock to bank capital, banks boost capital ratios by reducing their relative exposure to …) Historical shock decomposition analysis shows that bank capital shocks have contributed to increasing capital ratios since the …

research is to endorse the cogency of Altman's Z-Score model as a predictor of Bangladeshi bank failures. I after analyzing the …

Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to …