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RDP 2016-03: Why Do Companies Hold Cash?
Equation
C
A
S
H
i
t
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β
P
U
B
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C
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X
1
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γ
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MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4qaiaadgeacaWGtbGaamisamaaBaaaleaacaWGPbGaamiDaaqabaGccqGH9aqpcqaHYoGycaWGqbGaamyvaiaadkeacaWGmbGaamysaiaadoeadaWgaaWcbaGaamyAaaqabaGccqGHRaWkcqaHZoWzdaWgaaWcbaGaaGymaaqabaGccaWGybWaaSbaaSqaaiaaigdacaWGPbGaamiDaaqabaGccqGHRaWkcqaHZoWzdaWgaaWcbaGaaGOmaaqabaGccaWGybWaaSbaaSqaaiaaikdacaWGPbGaamiDaaqabaGccqGHRaWkcqaHXoqydaWgaaWcbaGaamyAaaqabaGccqGHRaWkcqaH1oqzdaWgaaWcbaGaamyAaiaadshaaeqaaaaa@5A8D@