Cash Holdings of S & P Firms Over the Past Decade

Mary L. Fischer, Treba Marsh and Todd A Brown

Accounting and Finance Research, 2014, vol. 3, issue 3, 143

Abstract: Over the past decade, financial research suggests US firms hold a significant amount of cash. This growing amount of cash has attracted attention from economics, the business press and government. A firm's cash balance could well indicate the firm elects to hold cash rather than invest in suboptimal investments. There are trade-offs between holding too much cash and holding too little. This exploratory study attempts to find financial relationships that explain the cash held by S&P 100 firms over the decade from fiscal year 2002 to 2011.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:afr111:v:3:y:2014:i:3:p:143

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