Cash Holdings of S&P Firms Over the Past Decade

Mary Fischer, Treba Marsh, Todd A. Brown

Research output: Contribution to journalArticle

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.

Original languageUndefined/Unknown
JournalFaculty Publications
DOIs
StatePublished - Jan 1 2014

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