This paper provides novel evidence on the accumulation of precautionary cash by European firms over 2000-2017 using a difference-in-difference approach. By increasing corporate borrowing capacity, rising asset tangibility is found to have reduced the need for precautionary cash amongst...

This paper contributes to the supply chain finance literature with an agent-based Monte Carlo simulation model focusing on the bank’s point of view. Our theoretical model assesses how a bank should screen a supply chain (SC) member and whether that requires different considerations and...

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...