Corporate Liquidity, Acquisitions, and Macroeconomic Conditions
收藏NBER2017-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23493
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资源简介：
Firms hold liquid assets to enhance their ability to invest efficiently when external financing costs are high, especially during poor macroeconomic conditions. Using a sample of 47,378 acquisitions from 36 countries between 1997 and 2014, we study how the relation between firms cash holdings and
企业持有流动性资产，旨在提升其在外部融资成本高企时的有效投资能力，尤其在宏观经济形势疲软时期。本文基于1997年至2014年间来自36个国家的47378起并购交易样本，探讨企业现金持有量与
提供机构：
美国国家经济研究局
创建时间：
2017-06-01
