Implications of Insufficient and Excess Cash for Future Performance

Many public firms report substantial and growing levels of cash on their balance sheets (e.g., Zuckerman 2005; Bates, Kahle, and Stulz 2009), making it increasingly important to understand the implications of cash holdings for future fundamental performance and stock returns. Opler, Pinkowitz, Stulz...

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Veröffentlicht in:	Contemporary accounting research 2014-03, Vol.31 (1), p.253-283
Hauptverfasser:	Oler, Derek K., Picconi, Marc P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Balance sheets Cash Cash flow Dividend distributions Financial statement analysis Financial statements Future Organizational behavior Rates of return Return on investment
Online-Zugang:	Volltext
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