Cash is suprisingly valuable as a strategic asset

Cash is suprisingly valuable as a strategic asset

Academics, politicians, and journalists are often highly critical of U.S. firms for holding too much cash. Cash holdings are stockpiled free-cash flow and incur substantial opportunity costs from the perspectives of economics. However, behavioral theory highlights the benefits of cash holdings as fu...

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Bibliographic Details
Main Authors: KIM, Changhyun, BETTIS, Richard A.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
cash
slack
strategic deterrence
behavioral theory
agency theory
Business
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4396
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5395/viewcontent/Kim_Bettis_2014_CashSurprisinglyValuableStrategicAsset.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/4396
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5395/viewcontent/Kim_Bettis_2014_CashSurprisinglyValuableStrategicAsset.pdf

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