Browsing Norges Banks vitenarkiv by Author "Sasson, Amir"

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Real and Financial Tradeoffs in Non-Listed Firms: Cash Flow Sensitivities and How They Change with Shocks to Firms' Main-Bank

Ostergaard, Charlotte; Sasson, Amir; Sørensen, Bent E. (Working Papers;27/2010, Working paper, 2010)

We study how non-listed firms trade off financial, real, and distributive uses of cash. We show that firms' marginal value of cash (MVC) affects the mix of external and internal finance used to absorb fluctuations in cash ...