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The cost of innovation : R&D and high cash holdings in U.S. firms

He, Zhaozhao; Wintoki, M. Babajide - In: The journal of corporate finance : contracting, … 41 (2016), pp. 280-303

Persistent link: https://www.econbiz.de/10011619862

Industry tournament incentives and the product-market benefits of corporate liquidity

Huang, Jian; Jain, Bharat A.; Kini, Omesh - In: Journal of financial and quantitative analysis : JFQA 54 (2019) 2, pp. 829-876

Persistent link: https://www.econbiz.de/10012138946

First-mover advantage, time to finance, and cash holdings

Ma, Liang; Mello, António S.; Wu, Youchang - In: The journal of corporate finance : contracting, … 62 (2020), pp. 1-21

Persistent link: https://www.econbiz.de/10012239240

Competition, cash holdings, and financing decisions

Morellec, Erwan; Nikolov, Boris; Zucchi, Francesca - 2013

We use a dynamic model of cash management in which firms face competitive pressure to show that competition increases … competition has first order effects on the cash holdings and financing decisions of constrained firms, in ways consistent with our …

Persistent link: https://www.econbiz.de/10010258537

Firm Cash Holding Dynamics : Evidence from Intense Competition, Predatory Threat and Financing Friction

Adamolekun, Gbenga; Jones, Edward A.E; Li, Hao - 2022

Using a quasi-natural experiment and various measures of competition intensity, we examine whether an increase in … product market competition is a key driver of firm cash holdings. We find that firms increase cash holdings when competition … is intense. We also evaluate if changes in cash holdings as a result of increased competition differs with exposure to …

Persistent link: https://www.econbiz.de/10013406805

The case for cash

McAndrews, James Joseph - 2017

Cash is an extremely useful social contrivance. Two possible drawbacks of high-denomination cash have recently been discussed by Kenneth Rogoff in his book The Curse of Cash, and echoed by other economists. They are the extensive use of high-denomination cash by criminals and others engaged in...

Persistent link: https://www.econbiz.de/10011615486