Abstract
PurposeThe purpose of the study is to investigate the impact of asset redeployability on the level of corporate cash holdings.Design/methodology/approachThe authors use regression analysis to examine the relation between asset redeployability and corporate cash holdings.FindingsUsing a large panel sample of US public firms from 1990 to 2020, the authors find a significant positive relation between asset redeployability and cash, which suggests that firms with more redeployable assets hold more cash.Originality/valueThe authors contribute to a growing literature in accounting and finance that investigates the impact of asset redeployability on firm characteristics and also contribute to the literature on the determinants of cash holdings.
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