The influences of the deviation from the expected optimal cash on future stock returns
AAccording to the trade-off theory, firm managers consider the transaction and precautionary motives to determine the optimal level of cash by comparing the benefits and costs of cash holdings. The purpose of this paper is to examine the impact of deviation from expected optimal cash on future stock...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2015-09-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_57317_d96ba57aca00779272c8990f9c25911d.pdf |