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Why New Zealand Companies Hold Cash: An Empirical Analysis
By Anonymous
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By Anonymous
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Master's Thesis from the year 2004 in the subject Business economics - Operations Research, grade: 1.0 (A), UNITEC New Zealand (Business Administration), language: English, abstract: As Ross, Wester?eld and Jordan (2000) report, at the end of 1997 a number of US companies piled up tremendous amounts of cash and marketable securities. At that time Ford held US $20.8 billion, GM US $14.5 billion, and Chrysler US $7.1 billion in liquid assets. This naturally raises the question for which reaso...