Influence of volatility on corporate cash holdings among US banks.

• Main Authors: Cheong, Wei Siong., Quek, Jia Wen., Chin, Derek Wei Jie.
• Other Authors: Lau Sie Ting
• Format: Final Year Project
• Language: English
• Published: 2012
• Subjects: DRNTU::Business::Finance::Banking liquidity::Banking reserves
• Online Access: http://hdl.handle.net/10356/48367
• Institution: Nanyang Technological University

Cash represent a large and growing portion of corporate assets, with the average cash-to-asset ratio doubling from the 1980s to 2000s. Furthermore, the recent Global Financial Crisis was characterized by illiquidity. In this paper, we investigate how industry-specific and broad-based market volatili...