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Keywords: Precautionary motive
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2023) 49 (9): 1400–1419.
Published: 02 March 2023
... index Emerging market Cash holdings Precautionary motive The decision of firms to hold cash stems from four basic motives: the agency motive, tax motive, precautionary motive and transaction cost motive (Bates et al., 2009). According to the agency motive, large free cash flows can...
