...Janani Rangan; Sanket Mohapatra Purpose During periods of heightened economic uncertainty, firms tend to accumulate more cash due to a precautionary motive. Firms belonging to different ownership groups may vary in their access to sources of finance. Consequently, their response to economic...

...Frederick Davis; Thomas Walker; Linyi Zhou Purpose Within the context of mergers and acquisitions, the purpose of this paper is to clarify the relationship between the deal initiator and various outcomes of the deal, particularly in consideration of the cash position of the acquiring firm...