RDP 2016-03: Why Do Companies Hold Cash? Equation (2)

CAS H it =βPUBLI C i +γ X it + α i + ε it MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qaiaadgeacaWGtbGaamisamaaBaaaleaacaWGPbGaamiDaaqabaGccqGH9aqpcqaHYoGycaWGqbGaamyvaiaadkeacaWGmbGaamysaiaadoeadaWgaaWcbaGaamyAaaqabaGccqGHRaWkcqaHZoWzcaWGybWaaSbaaSqaaiaadMgacaWG0baabeaakiabgUcaRiabeg7aHnaaBaaaleaacaWGPbaabeaakiabgUcaRiabew7aLnaaBaaaleaacaWGPbGaamiDaaqabaaaaa@51B0@