Cash holdings and corporate investment: Evidence from COVID-19
(2022)
Journal Article
Tawiah, B., & Keefe, M. (in press). Cash holdings and corporate investment: Evidence from COVID-19. Review of Corporate Finance, https://doi.org/10.2139/ssrn.3712767
Firms hold cash for precautionary reasons. The COVID-19 pandemic plausibly represents an exogenous shock for which firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that Capital Expe... Read More about Cash holdings and corporate investment: Evidence from COVID-19.