...Cephas Simon Peter Dak-Adzaklo This article examines the association between the stringency of competition laws and corporate cash holdings using a database of competition laws across 49 countries. I find that the stringency of competition laws leads to a significant increase in corporate cash...

...Bernard Kwame Tawiah; Michael O’Connor Keefe Firms hold cash for precautionary reasons. The COVID-19 pandemic plausibly represents an exogenous shock for which firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that Capital...

...Adelina Barbalau; Mark R. Huson; Lukas Roth Using a large sample of bank loans obtained by U.S. firms, we examine the relation between cash holdings and access to external finance via bank loans. We document a negative relation between cash holdings and loan spreads. This negative relation...