The dark side of liquidity

Joseph Haubrich and Joao Santos

Economic Commentary, 1997, issue Sep

Abstract: A look at the disadvantages of a firm's having too much liquidity, explaining that when a company has a great deal of its worth tied up in liquid assets, it has a harder time attracting investors, who must be convinced that the firm's managers will not \\"take the money and run.\\"

Keywords: Corporations - Finance; Liquidity (Economics) (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
https://fraser.stlouisfed.org/title/4515/item/552545 Full Text (text/html)
https://www.clevelandfed.org/-/media/project/cleve ... of-liquidity-pdf.pdf Full Text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:1997:i:sep15

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Commentary from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().