Firm structure and corporate cash holdings
We analyze whether the organizational structure of firms (i.e., whether a firm is diversified or focused) affects their cash holdings. Using Compustat firm level and segment-level data, we find that diversified firms hold significantly less cash than their focused counterparts. Our results are robus...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2011
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1584 https://ink.library.smu.edu.sg/context/soa_research/article/2611/viewcontent/1_s20_S0929119910000349_main__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |