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Firms conduct SEOs to resolve a near-term liquidity squeeze, and not primarily to exploit market timing opportunities …
Persistent link: https://www.econbiz.de/10012776447
This paper documents new and empirically important interactions between cash-balance and leverage dynamics. Cash ratios typically vary widely over extended horizons, with dynamics remarkably similar to (and complementary with) those of capital structure. Leverage and cash dynamics interact...
Persistent link: https://www.econbiz.de/10012584390
This paper documents new and empirically important interactions between cash-balance and leverage dynamics. Cash ratios typically vary widely over extended horizons, with dynamics remarkably similar to (and complementary with) those of capital structure. Leverage and cash dynamics interact...
Persistent link: https://www.econbiz.de/10012585454
poor performance increases from zero to seven. We investigate how changes in funding and asset liquidity intensify this … expected to affect hedge fund funding liquidity adversely) and when stock market liquidity (a proxy for asset liquidity) is low …
Persistent link: https://www.econbiz.de/10013311895
Persistent link: https://www.econbiz.de/10013399697