The Financial Constraints and the Value of Cash Holdings: An Empirical Investigation of US Firms
Abstract Financial constraint is an important problem when assessing the companies’ financial behaviours. This study investigates the cash flow sensitivity of cash, which is used for measuring the financial constraints; in addition, the impacts of cash holdings for both financially constrained and...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2016
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| Online Access: | https://eprints.nottingham.ac.uk/36150/ |