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Financial flexibility and corporate liquidity

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  • Denis, David J.
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    Abstract

    I provide an overview of the topics covered in this Special Issue of the Journal of Corporate Finance on "Financial Flexibility and Corporate Liquidity." This burgeoning literature encompasses studies of the determinants and consequences of corporate cash holdings, as well as the impact of flexibility considerations on corporate capital structure and payout policies. The papers published in this special issue make important contributions to this literature and point towards several promising areas for future research.

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    File URL: http://www.sciencedirect.com/science/article/B6VFK-52FMGN1-1/2/008d88e2ab4b20d37093bee6a3ffe04c
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Corporate Finance.

    Volume (Year): 17 (2011)
    Issue (Month): 3 (June)
    Pages: 667-674

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    Handle: RePEc:eee:corfin:v:17:y:2011:i:3:p:667-674

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    Web page: http://www.elsevier.com/locate/jcorpfin

    Related research

    Keywords: Financial flexibility Corporate liquidity External finance Payout policy;

    References

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    Cited by:
    1. Brown, James R. & Martinsson, Gustav & Petersen, Bruce C., 2012. "Do financing constraints matter for R&D?," European Economic Review, Elsevier, vol. 56(8), pages 1512-1529.
    2. Wuttke, David A. & Blome, Constantin & Henke, Michael, 2013. "Focusing the financial flow of supply chains: An empirical investigation of financial supply chain management," International Journal of Production Economics, Elsevier, vol. 145(2), pages 773-789.
    3. Mónika Kuti, 2011. "Cash Flow at Risk, Financial Flexibility and Financing Constraint," Public Finance Quarterly, State Audit Office of Hungary, vol. 56(4), pages 505-517.
    4. Kahle, Kathleen M. & Stulz, René M., 2013. "Access to capital, investment, and the financial crisis," Journal of Financial Economics, Elsevier, vol. 110(2), pages 280-299.

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