Document Type

Article

Publication Date

2014

Abstract

Over the past decade, financial research suggests US firms hold a significant amount of cash. This growing amount of cash has attracted attention from economists, the business press and government. A firm’s cash balance could well indicate the firm elects to hold cash rather than invest in suboptimal investments. There are trade-offs between holding too much cash and holding too little. This exploratory study attempts to find financial relationships that explain the cash held by S&P 100 firms over the decade from fiscal year 2002 to 2011.

DOI

10.5430/afr.v3n3p143

Comments

Originally published online in Accounting and Finance Research (2014) 3(3) doi:10.5430/afr.v3n3p143 www.sciedu.ca/afr

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