| |
 |
|
| |
|
|
Determinantes del nivel de tesorería: Un estudio empírico para empresas cotizadas en el mercado español
Pedro Juan García Teruel y Pedro Martínez Solano |
|
This paper analyses the explanatory factors of the cash holdings of a sample of Spanish listed firms. We find that the firms pursue a target cash level to which they attempt to converge, and that this level is higher for firms with larger cash flows. In contrast, the cash level falls with the use of bank debt, in the presence of substitutes for cash and with ownership concentration
|
|
| Copyright
1998 - 2012 - Asociación Española de Finanzas (AEFIN).
Todos los derechos reservados
e-mail: aefin@aefin.es
y secretaria@aefin.es
c/ Rosario Pino, 8, 10º-A
28020 Madrid
Tlf. y fax:
+34 91 3691483 |
|
