The Determinants and Implications of Corporate Cash Holdings
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We examine the determinants and implications of holdings of cash and marketable" securities by publicly traded U.S. firms in the 1971-1994 period. Firms with strong growth" opportunities and riskier cash flows hold relatively high ratios of cash to total assets. Firms" that have the greatest access
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美国国家经济研究局创建时间：
1997-10-01
