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Economies of scale and the demand for money

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  • Paul Natke
  • Gregory Falls

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  • Paul Natke & Gregory Falls, 2010. "Economies of scale and the demand for money," Small Business Economics, Springer, vol. 35(3), pages 283-298, October.
    • Handle: RePEc:kap:sbusec:v:35:y:2010:i:3:p:283-298
    DOI: 10.1007/s11187-008-9161-7
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    References listed on IDEAS

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    1. Dennis, Enid & Smith, V Kerry, 1978. "A Neoclassical Analysis of the Demand for Real Cash Balances by Firms," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 793-813, October.
    2. Ozkan, Aydin & Ozkan, Neslihan, 2004. "Corporate cash holdings: An empirical investigation of UK companies," Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2103-2134, September.
    3. William J. Baumol, 1952. "The Transactions Demand for Cash: An Inventory Theoretic Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 66(4), pages 545-556.
    4. Bover, Olympia & Watson, Nadine, 2005. "Are there economies of scale in the demand for money by firms? Some panel data estimates," Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1569-1589, November.
    5. Opler, Tim & Pinkowitz, Lee & Stulz, Rene & Williamson, Rohan, 1999. "The determinants and implications of corporate cash holdings," Journal of Financial Economics, Elsevier, vol. 52(1), pages 3-46, April.
    6. Gregory E. Elliehausen & John D. Wolken, 1990. "Banking markets and the use of financial services by small and medium- sized businesses," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Oct, pages 801-817.
    7. Cavalluzzo, Ken S & Cavalluzzo, Linda C, 1998. "Market Structure and Discrimination: The Case of Small Businesses," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 771-792, November.
    8. Wilbratte, Barry J, 1975. "Some Essential Differences in the Demand for Money by Households and by Firms," Journal of Finance, American Finance Association, vol. 30(4), pages 1091-1099, September.
    9. Allan H. Meltzer, 1963. "The Demand for Money: A Cross-Section Study of Business Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 77(3), pages 405-422.
    10. Ungar, Meyer & Zilberfarb, Benzion, 1980. "The Demand for Money by Firms: The Stability and Other Issues Reexamined," Journal of Finance, American Finance Association, vol. 35(3), pages 779-785, June.
    11. Katsimbris, George M. & Miller, Stephen M., 1982. "Money illusion, distribution effects and the household and business demands for money," Journal of Banking & Finance, Elsevier, vol. 6(2), pages 215-231, June.
    12. Fischer, Stanley, 1974. "Money and the Production Function," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 517-533, December.
    13. G. S. Maddala & Robert C. Vogel, 1965. ""The Demand for Money: A Cross-Section Study of Business Firms": Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 79(1), pages 153-159.
    14. Merton H. Miller & Daniel Orr, 1966. "A Model of the Demand for Money by Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(3), pages 413-435.
    15. Liu, Jin-Tan & Tsou, Meng-Wen & Wang, Ping, 2008. "Differential cash constraints, financial leverage and the demand for money: Evidence from a complete panel of Taiwanese firms," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 523-542, March.
    16. David G. Blanchflower & Phillip B. Levine & David J. Zimmerman, 2003. "Discrimination in the Small-Business Credit Market," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 930-943, November.
    17. William J. Frazer & Jr., 1964. "The Financial Structure of Manufacturing Corporations and the Demand for Money: Some Empirical Findings," Journal of Political Economy, University of Chicago Press, vol. 72, pages 176-176.
    18. Katsimbris, George M. & Miller, Stephen M., 1980. "Distribution effects and the business demand for money," Journal of Macroeconomics, Elsevier, vol. 2(4), pages 287-305.
    19. Hunter, Helen Manning, 1978. "Corporate Demand for Cash: The Influence of Corporate Population Growth and Structure," The Review of Economics and Statistics, MIT Press, vol. 60(3), pages 467-471, August.
    20. Miguel A. Ferreira & Antonio S. Vilela, 2004. "Why Do Firms Hold Cash? Evidence from EMU Countries," European Financial Management, European Financial Management Association, vol. 10(2), pages 295-319, June.
    21. Kim, Chang-Soo & Mauer, David C. & Sherman, Ann E., 1998. "The Determinants of Corporate Liquidity: Theory and Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 33(3), pages 335-359, September.
    22. Dotsey, Michael, 1985. "The Use of Electronic Funds Transfers to Capture the Effects of Cash Management Practices on the Demand for Demand Deposits: A Note," Journal of Finance, American Finance Association, vol. 40(5), pages 1493-1503, December.
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    Cited by:

    1. Xiaohui Chen & Wen Chen & Tao Hu & Bo Yang & Jianguang Zeng, 2023. "Regional carbon efficiency and corporate cash holdings: evidence from China," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    2. Ramcharran, Harri, 2017. "Bank lending to small business in India: Analyzing productivity and efficiency," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 16-24.

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    More about this item

    Keywords

    Firm demand for money; Cash management; Credit constraints; US small businesses; L26;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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