This paper explores how US partisan conflict impacts the cash management decisions of US firms. Using a sign … Conflict Index above trend is associated with a 0.4 percentage point increase in average cash-to-total assets above trend …. These baseline results hold for both the mean and median ratio of cash-to-total assets for all firms in our sample, across …

or employment. Using U.S. firm level data, we document systematic patterns of cash and debt financing around lumpy … and productivity are leading indicators of the lumpy adjustment. Cash and debt capacity are actively manipulated, and … contractions in productive capacity follow years where firms reduce cash balances and hold above average levels of debt. During and …

or employment. Using U.S. firm level data, we document systematic patterns of cash and debt financing around lumpy … productivity are leading indicators of the lumpy adjustment. Cash and debt capacity are actively manipulated, and contribute … debt. During and after contractions, firms rebuild cash and reduce debt growth significantly in a concerted effort to …

of a diffusion regime. The switching costs and the cash flow generated from the firm depend on a business cycle …

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 most trends for the U.S. come from the cash piling toward the end of … the sample period. At best, the U.S. trend applies merely to small firms. We believe cash holding is a period …

We examine how financial constraints in portfolios of suppliers affect cash holdings at the level of the customer … financially unconstrained suppliers to provide them with backup liquidity, and that they stockpile approximately 10% less cash … cash holdings is greater for firms with stronger ties to their unconstrained suppliers; and that customers reduce their …

other multinational firms. Conclusions / findings: Liquidity measures concentrate on cash ratios, working capital ratios and … in specific the cash conversion cycle (CCC). It appears to matter whether a company is production driven or sales driven …