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• W2896020960 abstract "This research examines the relation between government economic policy uncertainty and firm cash holdings. We find evidence that policy uncertainty is positively related to firm cash holdings due to firms' precautionary motives and, to a lesser extent, investment delays. The relation between policy uncertainty and cash holdings is more pronounced for firms dependent on government spending and extends beyond business cyclicality. Further analysis indicates that the effects of policy uncertainty on corporate cash holdings are distinct from those of political, market, or other macroeconomic uncertainty." @default.
• W2896020960 created "2018-10-26" @default.
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• W2896020960 date "2019-02-01" @default.
• W2896020960 modified "2023-10-16" @default.
• W2896020960 title "Policy uncertainty and firm cash holdings" @default.
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• W2896020960 doi "https://doi.org/10.1016/j.jbusres.2018.10.001" @default.
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