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

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...

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Bibliographic Details
Main Authors: Cristiano Augusto Borges Forti, Fernanda Maciel Peixoto, Kellen Silva Freitas
Format: Article
Language:English
Published: Universidade de São Paulo (USP) 2011-12-01
Series:Revista de Contabilidade e Organizações
Subjects:
Manutenção de caixa
Desempenho operacional
Valor de mercado
Online Access:http://revistas.usp.br/rco/article/view/34802

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