Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322706 
Year of Publication: 
2006
Series/Report no.: 
Discussion Papers Series No. 06-15
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
We provide new empirical evidence on non-linear liquidity management in Dutch firms. Our results reveal that liquidity adjustment from below the target is significantly faster than from above. We find no evidence for bands of inaction around the target.
Subjects: 
Corporate Liquidity Management
Non-linear Adjustment
Endogenous Thresholds
Panel Approach
Document Type: 
Working Paper

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