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Why Do Companies Hold Cash?

1 May 2016 RDP 2016-03
Gianni La Cava and Callan Windsor
By historical standards, cash holdings of Australian publicly listed companies are not ‘excessive’ after accounting for observable company characteristics.
https://www.rba.gov.au/publications/rdp/2016/2016-03/full.html

Conclusion

18 May 2016 RDP 2016-03
Gianni La Cava and Callan Windsor
After accounting for these factors, our estimates indicate that, by historical standards, corporate cash holdings of Australian publicly listed companies are not unusually high.
https://www.rba.gov.au/publications/rdp/2016/2016-03/conclusion.html

Introduction

18 May 2016 RDP 2016-03
Gianni La Cava and Callan Windsor
By historical standards, cash holdings of Australian publicly listed companies are not ‘excessive’ after accounting for observable company characteristics.
https://www.rba.gov.au/publications/rdp/2016/2016-03/introduction.html