Campello, Murillo; Almeida, Heitor; Cunha, Igor; … - National Bureau of Economic Research (NBER) - 2013
the practice of financial management. Yet, while discussion of these issues goes back at least to Keynes (1936), a … issues in liquidity management can be understood through the lens of a framework in which firms face financial constraints … findings on liquidity management. Much of the variation in the quantity of liquidity can be explained by the precautionary …