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- W2014033366 abstract "Liquid assets such as cash and marketable securities constitute a considerable portion of total assets, say 6.3% to 9.6%, of manufacturing firms. Financial managers pay a lot of attention to the measurement and management of corporate liquidity. It has also been recognized that a consequence of severe shortage of liquidity is financial distress. This study analyzes the relationship of the costs of financial distress to the level of corporate liquidity maintained and leverage." @default.
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- W2014033366 date "1993-01-01" @default.
- W2014033366 modified "2023-09-30" @default.
- W2014033366 title "Accounting Measures of Corporate Liquidity, Leverage, and Costs of Financial Distress" @default.
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- W2014033366 doi "https://doi.org/10.2307/3665930" @default.
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