Article | Journal of Financial Economics | December 2007

Why Do Firms Hold So Much Cash? A Tax-Based Explanation

by C. Fritz Foley, Jay Hartzell, Sheridan Titman and Garry Twite

Keywords: Business Ventures; Cash; Taxation;

Citation:

Foley, C. Fritz, Jay Hartzell, Sheridan Titman, and Garry Twite. "Why Do Firms Hold So Much Cash? A Tax-Based Explanation." Journal of Financial Economics 86, no. 3 (December 2007).