Cash holdings play a critical role for all corporations. They serve as a source of funding for investment projects that create value for shareholders and as a cushion against costly financial distress. On the other hand, excess cash holdings can induce wasteful spending and attract unwanted attention from labor unions and activist investors. In Applied Corporate Risk and Liquidity Management, Erik Lie brings risk management and liquidity management together to explore how corporations can ensure they have sufficient--but ...
Read More
Cash holdings play a critical role for all corporations. They serve as a source of funding for investment projects that create value for shareholders and as a cushion against costly financial distress. On the other hand, excess cash holdings can induce wasteful spending and attract unwanted attention from labor unions and activist investors. In Applied Corporate Risk and Liquidity Management, Erik Lie brings risk management and liquidity management together to explore how corporations can ensure they have sufficient--but not excess--cash holdings, both now and in the future. He begins by covering the determinants of liquidity, the consequences of suboptimal liquidity, and how to manage liquidity. Lie then demonstrates two ways to control current and future cash holdings: the mitigation of risk factors on operating cash flow and cash holdings and the payouts made to investors. Through this integrated approach, he explores how risk management and payout policy can and should be used to maintain the proper cash level. Using cash simulations throughout, Lie shows how to determine whether firms should hedge, which hedging mechanism to use, and which payout mechanism or debt structure is suitable. With practical tools rooted in liquidity management, this book presents a strong theoretical foundation for risk management and payout policy, discusses practical considerations, and demonstrates applied tools that help managers make good decisions.
Read Less
Add this copy of Applied Corporate Risk and Liquidity Management to cart. $74.95, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2022 by Oxford University Press, USA.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Sewn binding. Cloth over boards. 208 p. Financial Mgmt Assoc Survey Syn. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Applied Corporate Risk and Liquidity Management Format: to cart. $74.96, new condition, Sold by Websew Inc rated 4.0 out of 5 stars, ships from Avenel, NJ, UNITED STATES, published 2022 by Oxford University Press, USA.
Add this copy of Applied Corporate Risk and Liquidity Management to cart. $88.17, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2022 by Oxford University Press, USA.
Add this copy of Applied Corporate Risk and Liquidity Management to cart. $90.02, new condition, Sold by Blackwell's rated 3.0 out of 5 stars, ships from Gloucester, GLOUCESTERSHIRE, UNITED KINGDOM, published 2022 by OUP USA.
