Date of Award
8-2018
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Economics and Finance
Committee Chair(s)
Tyler Brough
Committee
Tyler Brough
Committee
Jason Smith
Committee
Benjamin Blau
Abstract
Corporate financial policy and the value of cash by Michael Faulkender and Rong Wang (2006) examined the cross sectional variation in the marginal value of corporate cash holdings that arises from differences in the corporate financial policy. The main findings were that the marginal value of cash declines with large cash holdings,higher leverage, and better access to capital market. The goal of this paper is to replicate and extend Faulkender & Wang's (2006) work to test whether their assumptions and results are still valid.
Recommended Citation
Guo, Nan, "Revisiting Corporate Financial Policy and the Value of Cash" (2018). All Graduate Plan B and other Reports, Spring 1920 to Spring 2023. 1309.
https://digitalcommons.usu.edu/gradreports/1309
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