The role of business strategy in corporate liquidity : evidence from US firms

• Main Author: Μαγεράκης, Ευστάθιος
• Other Authors: Τζελέπης, Δημήτριος
• Format: Thesis
• Language: English
• Published: 2018
• Subjects: Cash holdings; Business strategy; Speed of adjustment (SOA); Firm value; Ρευστά διαθέσιμα; Επιχειρηματική στρατηγική; Ταχύτητα σύγκλισης; Αποτίμηση επιχείρησης; 658.155

This thesis explores the association between cash holdings and business strategy for non-financial US firms, over a period from 1970 to 2016. Miles and Snow’s (1978, 2003) typology is used to construct the strategy index and explore the relation between strategies and corporate liquidity. Thus,...