(Non-)Precautionary Cash Hoarding and the Evolution of Growth Firms
(Non-)Precautionary Cash Hoarding and the Evolution of Growth Firms
About this item
Full title
Author / Creator
Publisher
Linthicum: INFORMS
Journal title
Language
English
Formats
Publication information
Publisher
Linthicum: INFORMS
Subjects
More information
Scope and Contents
Contents
We analyze whether growth firms should delay current investment to hoard cash in order to reduce dilution from external financing. This hoarding motive is the natural counterpart to saving cash as a precaution to help secure funding for future investment opportunities. However, the two motives lead to fundamentally different implications for hoardi...
Alternative Titles
Full title
(Non-)Precautionary Cash Hoarding and the Evolution of Growth Firms
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_jstor_primary_48760867
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_jstor_primary_48760867
Other Identifiers
ISSN
0025-1909
E-ISSN
1526-5501
DOI
10.1287/mnsc.2018.3079
