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Almeida et al., 2004 - Google Patents

The cash flow sensitivity of cash

Almeida et al., 2004

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Document ID
17206707129209875474
Author
Almeida H
Campello M
Weisbach M
Publication year
Publication venue
The journal of finance

External Links

Snippet

We model a firm's demand for liquidity to develop a new test of the effect of financial constraints on corporate policies. The effect of financial constraints is captured by the firm's propensity to save cash out of cash flows (the cash flow sensitivity of cash). We hypothesize …
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