Why Firms Hold Cash? An Empirical Investigation of UK Companies
This paper examines the determinants of holdings of cash by publicly traded UK firms over the period 2000-2009. Larger firms hold less cash as they have greater access to the capital market. Cash holdings in firms with better investment opportunities and more volatile cash flow are relatively larger...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/24045/ |