Drobetz, Wolfgang; Grüninger, Matthias C. - Wirtschaftswissenschaftliches Zentrum <Basel> - 2006
This paper investigates the determinants of Swiss non-financial firms’ cash holdings overthe 1995 to 2004 period. The median Swiss firm holds almost twice as much cash andcash equivalents as the median UK or US firm. Our results indicate that there is a negativerelationship between asset...