Wang, Yanchao; Ji, Yu; Chen, Xu; Song, Chunlei - In: China journal of accounting research : CJAR 7 (2014) 4, pp. 263-276
A corporate cash-holding strategy is a trade-off between the costs and benefits of holding cash. At the macrolevel, firms are inclined to adjust and optimize their cash-holding strategies in response to changes in purchasing power due to inflation. At the microlevel, the operating cycle, which...