Retention of cash, operational performance and value: a study in the brazilian capital market Retenção de caixa, desempenho operacional e valor: um estudo no mercado de capitais brasileiro
The classical theory of cash management states that cash holding may negatively affect the profits of firms. The aim of this study is to investigate the relationship between cash holdings and operational performance of Brazilian publicly traded firms. Using panel data from 167 Brazilian firms from 1...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade de São Paulo (USP)
2011-12-01
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| Series: | Revista de Contabilidade e Organizações |
| Subjects: | |
| Online Access: | http://revistas.usp.br/rco/article/view/34802 |