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RDP 2016-03: Why Do Companies Hold Cash?
Equation
C
A
S
H
i
j
t
=
α
+
β
M
O
R
N
I
N
G
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+
γ
X
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δ
(
M
O
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N
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N
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∗
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μ
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λ
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ε
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t
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