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Nonlinear target adjustment in corporate liquidity management : an endogneous thresholds approach

Bruinshoofd, Allard; Kool, Clemens - In: Applied economics 41 (2009) 16/18, pp. 2125-2131

Persistent link: https://www.econbiz.de/10003883050

Corporate liquidity management and future investment expenditures

Baum, Christopher F.; Caglayan, Mustafa; Talavera, Oleksandr - 2009

Persistent link: https://www.econbiz.de/10003885115

A transaction cost perspective on why, how, and when cash impacts firm performance

OB̉rien, Jonathan P.; Folta, Timothy B. - In: Managerial and decision economics : MDE ; the … 30 (2009) 7, pp. 465-479

Persistent link: https://www.econbiz.de/10003894745

Why do US firms hold so much more cash than they used to?

Bates, Thomas W.; Kahle, Kathleen M.; Stulz, René M. - In: The journal of finance : the journal of the American … 64 (2009) 5, pp. 1985-2021

Persistent link: https://www.econbiz.de/10003899584

Contract heterogeneity, operating shortfalls, and corporate cash holdings

Jiang, Hao; Kim, U-chʾan; Rao, Ramesh K. - 2009

There is anecdotal evidence that the primary reason why managers hold cash on their balance sheets is to cover operating losses (operating shortfalls). In this paper, we rationalize this as an optimal response in a world with contract heterogeneity. Specifically, we relax the standard assumption...