Ensuring that a firm has sufficient liquidity to finance valuable projects that occur in the future
is at the heart of the practice of financial management. However, although discussion of …

The sharp increase in R&D investment in recent decades has important but unexplored
implications for corporate liquidity management. Because R&D has high adjustment costs …

This study contrasts the effect of cash holding on firm value for a sample of US industrial
firms during 2001–2007. The study tests empirically for the existence of an optimal cash …

The empirical literature on the relationship between capital structure and firm cash flow
volatility is inconclusive. We explore this relationship using several measures of a firm's cash …

Working capital and firm value in an emerging market | Emerald Insight Books and journals
Case studies Expert Briefings Open Access Publish with us Advanced search Working capital …

The risk of securities class action litigation alters corporate savings and investment policy.
Firms with greater exposure to securities litigation hold significantly more cash in …

As an economic incentive–based environmental regulation tool, environmental taxes can
positively affect enterprise R&D innovation. R&D activities require substantial funds, and …

This study examines the effect of technology spillovers on firms׳ cash holdings. It finds that
firms facing greater technology spillovers hold higher cash balances. This effect is more …

For the first time, this paper examines the way in which cash holdings affect firm operating
performance in a wide sample of European small and medium-sized enterprises (SMEs) …

We propose a new earnings-based measure for the value of intangibles. To validate this
measure, we compare it to commonly used proxies for intangible intensity, such as R&D …