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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA)
Ferreira, M. A. & Vilela, A. S. (2004). Why do firms hold cash? Evidence from EMU countries. European Financial Management. 10 (2), 295-319
Exportar Referência (IEEE)
M. L. Ferreira and A. M. Santos,  "Why do firms hold cash? Evidence from EMU countries", in European Financial Management, vol. 10, no. 2, pp. 295-319, 2004
Exportar BibTeX
@article{ferreira2004_1711699139145,
	author = "Ferreira, M. A. and Vilela, A. S.",
	title = "Why do firms hold cash? Evidence from EMU countries",
	journal = "European Financial Management",
	year = "2004",
	volume = "10",
	number = "2",
	doi = "10.1111/j.1354-7798.2004.00251.x",
	pages = "295-319",
	url = "http://onlinelibrary.wiley.com/doi/10.1111/j.1354-7798.2004.00251.x/abstract"
}
Exportar RIS
TY  - JOUR
TI  - Why do firms hold cash? Evidence from EMU countries
T2  - European Financial Management
VL  - 10
IS  - 2
AU  - Ferreira, M. A.
AU  - Vilela, A. S.
PY  - 2004
SP  - 295-319
SN  - 1354-7798
DO  - 10.1111/j.1354-7798.2004.00251.x
UR  - http://onlinelibrary.wiley.com/doi/10.1111/j.1354-7798.2004.00251.x/abstract
AB  - This paper investigates the determinants of corporate cash holdings in EMU countries. Our results suggest that cash holdings are positively affected by the investment opportunity set and cash flows and negatively affected by asset's liquidity, leverage and size. Bank debt and cash holdings are negatively related, which supports that a close relationship with banks allows the firm to hold less cash for precautionary reasons. Firms in countries with superior investor protection and concentrated ownership hold less cash, supporting the role of managerial discretion agency costs in explaining cash levels. Capital markets development has a negative impact on cash levels, contrary to the agency view.
ER  -