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Non-linear Target Adjustment in Corporate Liquidity Management: An Endogenous Thresholds Approach

We provide new empirical evidence on non-linear liquidity management in Dutch firms. Our results reveal that liquidity adjustment from below the target is significantly faster than from above. We find no evidence for bands of inaction around the target.
Year of publication:
2006
Authors: Bruinshoofd, A. ; Kool, C.J.M.
Institutions: School of Economics, Universiteit Utrecht
Subject: Ordered by external client
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
Number 06-15
Source:
Persistent link: https://www.econbiz.de/10005040932
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