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Excess corporate cash: Liquidity, insurance, or value destroyer?

✍ Scribed by Louis P. Le Guyader


Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
128 KB
Volume
23
Category
Article
ISSN
1044-8136

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✦ Synopsis


Abstract

Despite the recession–or perhaps because of it–US companies have excess cash. But does this provide liquidity and insurance, or does it destroy value instead? © 2011 Wiley Periodicals, Inc.