Non-linear Target Adjustment in Corporate Liquidity Management: An Endogenous Thresholds Approach
Abstract
We provide new empirical evidence on non-linear liquidity management in Dutch firms. Our results reveal that liquidity adjustment from below the target is significantly faster than from above. We find no evidence for bands of inaction around the targetSimilar works
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Last time updated on 14/06/2016
This paper was published in Utrecht University Repository.
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