The bullwhip effect is a pervasive phenomenon in all supply chains causing excessive inventory, delivery delays, deterioration of customer service, and high costs. Some researchers have studied this phenomenon from a financial perspective by shedding light on the phenomenon of cash flow bullwhip...

The objective of this paper is to validate the existence of an extensively documented secular upward trend in corporate cash holding. To do this, we use the new data for Poland and review original datasets from Bates et al. [2009] for the U.S. We find no trace of a trend for Poland and believe...

Unternehmen halten durchschnittlich immer höhere Liquiditätsreserven. Der nicht betriebsnotwendige Teil dieser Reserven stellt Überschussliquidität dar, deren Verwendung dem diskretionären Entscheidungsspielraum des Managements unterliegt. Überschussliquidität erhöht zum einen die...