The Performance of Portfolios based on Excess Cash Holdings: Evidence from UK companies
(2019)
Preprint / Working Paper
Adamolekun, G., Jones, E., & Li, H. The Performance of Portfolios based on Excess Cash Holdings: Evidence from UK companies
In this study, we examine the performance of portfolios based on excess cash holdings using a sample of UK listed firms. We argue that firms with excess cash holdings outperform firms that hold less cash. Strategically, excess cash holdings provide a... Read More about The Performance of Portfolios based on Excess Cash Holdings: Evidence from UK companies.