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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| 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 |