Saving for a rainy day: Precautionary motives and the value of cash holdings
博士 === 國立政治大學 === 財務管理研究所 === 106 === This article examines the role of pre-saved cash in helping financially constrained firms during the 2000 dot-com crash and the 2008 financial crisis, both of which were exogenous shocks to industrial firms. The results show that constrained firms tended to incr...
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| Format: | Others |
| Language: | zh-TW |
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2017
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| Online Access: | http://ndltd.ncl.edu.tw/handle/sx29rp |