The determinants and implications of corporate cash holdings

Article Abstract:

The determinants and implications of cash holdings and marketable securities by publicly traded US firms in the 1971-1994 period were examined. Evidence supportive of a static tradeoff model of cash holdings was revealed by time-series and cross-section tests. Relatively high ratios of cash to total non-cash assets were linked to firms with strong growth opportunities and riskier cash flows. Little evidence was found that excess cash had a profound short-run impact on capital expenditures, acquisition spending and payouts to shareholders.

Corporations, Cash management, Cash position (Corporate finance)

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Leverage and internal capital markets: evidence from leveraged recapitalizations

Article Abstract:

Research is presented describing the study of leveraged recapitalization when completed by diversified companies and the financial impact such investments have on cash flow.

Analysis, Cash flow, Leveraged buyouts

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Exchange rate exposure and competition: evidence from the automotive industry

Article Abstract:

Research is presented describing the study of risk management within the automotive industry and how exposure to foreign and internal exchange rates alter effectiveness.

Influence, Risk management, Foreign exchange, Automobile industry

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