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The effect of idiosyncratic and macroeconomic risk on cash holdings
The thesis explores the dynamics and determinants of corporate cash holding (or corporate liquidity) in South Africa in three related studies. The first study empirically investigates the sensitivity of corporate cash holdings to changes in idiosyncratic and macroeconomic risk. The analysis is carri...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2023
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