Construct · 1 fields · 1 citations

excess cash reserves: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
excess cashreserves1 CONSTRUCTExcess cash reservesHARFORD · CORPORATE FINANCE

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Corporate finance

cash holdings beyond what operating needs predict, which make value-decreasing acquisitions more likely.

In corporate finance, excess cash reserves refers to cash holdings beyond what operating needs predict, which make value-decreasing acquisitions more likely. This meaning comes from Harford (1999) in The Journal of Finance.[1]

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Nearby constructs

corporate cash holdings1 fields · 1 citationsanchor · a standalone construct

References

  1. Harford, J. (1999). Corporate Cash Reserves and Acquisitions. The Journal of Finance, 54(6), 1969-1997. https://doi.org/10.1111/0022-1082.00179

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