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Journal of Economics and Finance

Erschienen in:

01.04.2013

The effects of cash holdings on corporate performance during a credit crunch: evidence from the sub-prime mortgage crisis

verfasst von: Frederick Adjei

Erschienen in: Journal of Economics and Finance | Ausgabe 2/2013

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Abstract

We examine the effects of firms’ cash positions in moderating the impact of the subprime mortgage crisis on corporate performance. We find that corporate performance significantly declines following the onset of the crisis. Firms with low cash reserves had the largest declines in performance following the onset of the financial crisis. However, we do not find any differences in performance decline following the onset of the crisis, when we compare financially constrained firms to financially unconstrained firms.

Vorheriger Artikel Economic freedom and the mispricing of single-state municipal bond closed-end funds

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Titel: The effects of cash holdings on corporate performance during a credit crunch: evidence from the sub-prime mortgage crisis
verfasst von: Frederick Adjei
Publikationsdatum: 01.04.2013
Verlag: Springer US
Erschienen in: Journal of Economics and Finance / Ausgabe 2/2013
Print ISSN: 1055-0925
Elektronische ISSN: 1938-9744
DOI: https://doi.org/10.1007/s12197-011-9177-8

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