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

CAS H it =( β+χ )PUBLI C i +γ X it +θ X ¯ i + α i * + ε it ν it MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qaiaadgeacaWGtbGaamisamaaBaaaleaacaWGPbGaamiDaaqabaGccqGH9aqpdaqadaqaaiabek7aIjabgUcaRiabeE8aJbGaayjkaiaawMcaaiaadcfacaWGvbGaamOqaiaadYeacaWGjbGaam4qamaaBaaaleaacaWGPbaabeaakiabgUcaRiabeo7aNjaadIfadaWgaaWcbaGaamyAaiaadshaaeqaaOGaey4kaSIaeqiUdeNabmiwayaaraWaaSbaaSqaaiaadMgaaeqaaOGaey4kaSYaaGbaaeaacqaHXoqydaqhaaWcbaGaamyAaaqaaiaacQcaaaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamyAaiaadshaaeqaaaqaaiabe27aUnaaBaaameaacaWGPbGaamiDaaqabaaakiaawIJ=aaaa@60F3@