Why do firms hold so much cash? A tax-based explanation

A-Tier

Journal: Journal of Financial Economics

Year: 2007

Volume: 86

Issue: 3

Pages: 579-607

Authors (4)

Fritz Foley, C. (not in RePEc) Hartzell, Jay C. (not in RePEc) Titman, Sheridan (University of Texas-Austin) Twite, Garry (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count