Sökning: id:"swepub:oai:DiVA.org:lnu-107902" >
Uncertainty Determi...
Uncertainty Determinants of Corporate Liquidity
-
- Baum, Christopher F. (författare)
- Boston College, USA;DIW Berlin, Germany
-
- Caglayan, Mustafa (författare)
- University of Sheffield, UK
-
- Stephan, Andreas (författare)
- Jönköping University,IHH, Nationalekonomi,IHH, Centre for Family Entrepreneurship and Ownership (CeFEO),DIW Berlin, Germany
-
visa fler...
-
- Talavera, Oleksandr (författare)
- DIW Berlin, Germany;Kyiv School of Economics, Ukraine
-
visa färre...
-
(creator_code:org_t)
- Elsevier, 2008
- 2008
- Engelska.
-
Ingår i: Economic Modelling. - : Elsevier. - 0264-9993 .- 1873-6122. ; 25:5, s. 833-849
- Relaterad länk:
-
http://fmwww.bc.edu/...
-
visa fler...
-
https://urn.kb.se/re...
-
https://doi.org/10.1...
-
https://urn.kb.se/re...
-
visa färre...
Abstract
Ämnesord
Stäng
- This paper investigates the link between the optimal level of non-financial firms' liquid assets and uncertainty. We develop a partial equilibrium model of precautionary demand for liquid assets showing that firms alter their liquidity ratio in response to changes in either macroeconomic or idiosyncratic uncertainty. We test this hypothesis using a panel of non-financial US firms drawn from the COMPUSTAT quarterly database covering the period 1993–2002. The results indicate that firms increase their liquidity ratios when macroeconomic uncertainty or idiosyncratic uncertainty increases.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Liquidity
- Uncertainty
- Non-financial firms
- Dynamic panel data
- Economics
- Nationalekonomi
- Economics
- Nationalekonomi
- Economics
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
Hitta via bibliotek
Till lärosätets databas