Nonlinear target adjustment in corporate liquidity management: an endogenous thresholds approach

We provide new empirical evidence on nonlinear 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.

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Year of publication:	2009
Authors:	Bruinshoofd, W. Allard ; Kool, Clemens
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 41.2009, 17, p. 2125-2131
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004967043