Corporate Liquidity

The past twenty years have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations–equity, debt, and valuation–today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations.

The past twenty years have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations–equity, debt, and valuation–today it also …

The dramatic and well chronicled crisis of 2007/8 marked a watershed moment for all stakeholders in global capital markets. In the aftermath, financial markets have become even more tightly coupled as correlations in returns across multiple asset classes have been at historically elevated levels.

Financial Fitness Boot Camp: Get Lean with Financial Statements

Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets?