The effect of intra-group loans on the cash flow sensitivity of cash: Evidence from Chile

We examine the effects of internal capital markets on the propensity of firms to save cash from cash flows. We argue that firms that are providers of funds to related parties must maintain a higher cash flow sensitivity of cash to prevent high levels of pressure on their cash holdings in contrast to...

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Detalles Bibliográficos
Autores Principales: Jara, M., Pinto-Gutierrez, C., Pombo, C.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2020
Acceso en línea: