Corporate cash holdings

David J. Denis and Luxi Wang

Chapter 5 in Handbook of Corporate Finance, 2024, pp 223-248 from Edward Elgar Publishing

Abstract: Corporate cash has become an increasingly large component of corporate balance sheets over the past fifty years. We survey the literature on corporate cash holdings that assesses (i) cross-sectional and time-series patterns in cash holdings; (ii) theoretical explanations for these patterns; and (iii) recent empirical evidence that sheds light on the primary causes and consequences of such holdings.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2024
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