Noguera, Magdy; Trejo-Pech, Carlos Omar - In: The International Journal of Business and Finance Research 6 (2012) 1, pp. 121-133
We examine the levels and determinants of cash in Latin America. Latin American firms, as opposed to U.S. firms, did … not hoard cash during the 1995-2006 period. However, we find remarkable similarities with respect to the determinants of … cash between U.S. and Latin American firms. Net working capital, capital expenditures and net leverage all decrease the …