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Impact of financial constraints and financial distress on cash holdings

Bukalska, Elżbieta; Maziarczyk, Anna - In: International journal of management and economics 59 (2023) 1, pp. 13-31

The aim of the study is to examine the impact of financial constraints and financial distress on cash holdings, both in normal and crisis times. We collected the 4,406 firm-year observations of companies listed on the Warsaw Stock Exchange (WSE). Our research shows that companies maintain higher...

Persistent link: https://www.econbiz.de/10014310085

Cash holdings and corporate investment : evidence from COVID-19

Tawiah, Bernard Kwame; Keefe, Michael O’Connor - In: Review of corporate finance 4 (2024) 3/4, pp. 263-291

Persistent link: https://www.econbiz.de/10015083582

Partisan conflict, policy uncertainty and aggregate corporate cash holdings

Cheng, Chak Hung Jack; Chiu, Ching Wai Jeremy; Hankins, … - In: Journal of macroeconomics 58 (2018), pp. 78-90

Persistent link: https://www.econbiz.de/10012128090

The persistent effects of financial crises on the composition of real investment

Jenkinson, Tim; Kim, Hyeik; Weisbach, Michael S. - 2021

outside the U.S. due to a greater decline of intangible investment and a much slower recovery. Tangible capital can be … investment relies on firms’ liquidity holdings that were drawn down in the crisis and can only be rebuilt gradually through … retained profits. We provide a unified account of the findings through a dynamic model of corporate investment and liquidity …

Persistent link: https://www.econbiz.de/10012816453

Is cash the panacea of the COVID-19 pandemic : evidence from corporate performance

Zheng, Michael - In: Finance research letters 45 (2022), pp. 1-9

Persistent link: https://www.econbiz.de/10014578040

How Does Government Borrowing Affect Corporate Financing and Investment?

Graham, John R. - 2014

debt is strongly negatively correlated with corporate debt and investment, but strongly positively correlated with … strategy influences firms' capital structures and investment policies …

Persistent link: https://www.econbiz.de/10013055316

The Effect of Firm Cash Holdings on Monetary Policy

Adao, Bernardino - 2020

Firm cash holdings increased substantially from 1980 to 2017. We study the implications of the increase in firm cash holdings on monetary policy. We introduce a model that takes the distribution of firm cash holdings as an input. We find that the interest rate channel of the transmission of...

Persistent link: https://www.econbiz.de/10012856130

The impact of air pollution on corporate cash holdings

Li, Bin; He, Mingyao; Gao, Fengying; Zeng, Yating - In: Borsa Istanbul Review 21 (2021), pp. S90-S98

Based on the data of A-share listed companies in Shanghai and Shenzhen from 2013 to 2017 and the air quality monitoring data released by the China National Environmental Monitoring Centre, this paper conducts an empirical test on the relationship between air pollution and corporate cash...

Persistent link: https://www.econbiz.de/10012817732

The impact of the global financial crisis on corporate cash holdings : evidence from Eastern European countries

Batuman, Billur; Yildiz, Yilmaz; Karan, Mehmet Baha - In: Borsa Istanbul Review 22 (2022) 4, pp. 678-687

This study investigates the impact of the global financial crisis on the determinants of corporate cash holdings and adjustments towards target cash levels using a sample of Eastern European firms. Employing panel fixed effects and GMM estimations, the results reveal that firm-level determinants...

Persistent link: https://www.econbiz.de/10013334815

Impact of the COVID-19 Pandemic on Corporate Cash Holdings : Evidence from Korea

Chung, Hae Jin; Jhang, Hogyu; Ryu, Doojin - 2022

We examine how corporate cash holdings have evolved over time and how they have been valued by shareholders after the unexpected exogenous shocks caused by the COVID-19 pandemic. Consistent with the precautionary motive of cash, we find that firms reserve more cash and the marginal value of cash...

Persistent link: https://www.econbiz.de/10013405882