Liquidity Management During the Covid‐19 Pandemic*
| Autor: | Heitor Almeida |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
media_common.quotation_subject
Financial crisis Public policy Credit spreads Financial system Credit lines Debt 0502 economics and business Business sector G32 media_common 040101 forestry Government 050208 finance 05 social sciences G38 Original Articles 04 agricultural and veterinary sciences Liquidity risk Cash 0401 agriculture forestry and fisheries Original Article Cash flow Business Finance |
| Zdroj: | Asia-Pacific Journal of Financial Studies |
| ISSN: | 2041-6156 2041-9945 |
| DOI: | 10.1111/ajfs.12322 |
| Popis: | With the help of the United States Government and committed funding from bank credit lines, the United States corporate sector responded to the Covid‐19 cash flow shock by issuing long‐term debt to increase cash holdings. I use a case study, evidence from recent research, and a theoretical model to explain the logic behind the changes in corporate financial policy that happened during 2020, and to discuss the importance of United States Government policies to support the market for long‐term debt. I also point to open research questions about liquidity management, in particular questions that were highlighted by how companies reacted to the Covid‐19 pandemic. |
| Databáze: | OpenAIRE |
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