Investigating the Effect of Firms’ Bankruptcy Risk and Stock Returns’ Systematic and Idiosyncratic Volatilities on Cash Holding
The managers have different incentives to keep cash in firms. One of their incentives for cash holding is precautionary motives. Based on precautionary motives, and to deal with unexpected financial crisis and the subsequent uncertainties, firms always keep a part of their assets in cash type. This...
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| Format: | Article |
| Language: | fas |
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University of Tehran
2015-03-01
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| Series: | بررسیهای حسابداری و حسابرسی |
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| Online Access: | https://acctgrev.ut.ac.ir/article_53666_0aaf3104aed33d5f827c2cc750593e32.pdf |