Ensuring that a firm has sufficient liquidity to finance valuable projects that occur in the future
is at the heart of the practice of financial management. However, although discussion of …

The considerable growth in corporate cash holdings around the world has prompted
scholarly interest. Consequently, there is now a large academic literature examining cash …

We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

Financing constraints have always been a common problem for small-and medium-sized
enterprises (SMEs) around the world, but the emergence of supply chain finance (SCF) has …

This study investigates whether geopolitical risks influence Chinese firms' cash holdings. We
find that firms tend to hoard more cash as a precautionary measure when faced with …

This study explores the tourism industry's cash-driven resilience capabilities. To map these
capabilities, it enhances the existing analytical approaches to develop the two-dimensional …

I study the role of firms' balance sheet liquidity in the transmission of monetary policy to
investment. In response to monetary contractions, US firms with fewer liquid asset holdings …

This paper designs a quasi-natural experiment for the identification of causal relationships
between economic policy uncertainty and firms' investment-financing decisions using …

Despite the growing interest in exploring the cash holding aspects among scholars,
systematic reviews and comprehensive evaluation in this area has been limited. Also, there …

Information problems and lack of collateral value should make R&D more susceptible to
financing frictions than other investments, yet existing evidence on whether financing …