Sökning: "Kornelius Pfaff"
Hittade 1 uppsats innehållade orden Kornelius Pfaff.
1. Can manager conservatism explain corporate cash holdings? Evidence from the Eurozone
D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : Differences in cash holdings across firms have traditionally been explained by precautionary savings motives. However, in line with a recent U.S. study, we identify a group of European industrial companies with a particularly high ratio of cash to assets, which cannot be explained by precautionary savings, agency or tax motives. LÄS MER
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