Cash holdings, ambiguity aversion, and investment puzzles

DOI10.1016/j.econlet.2023.111192zbMath1521.91383OpenAlexW4378673919MaRDI QIDQ6093730

Qiong Pan, Yuyao Liu, Zhiming Zhao

Publication date: 12 September 2023

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2023.111192

zbMATH Keywords

investmentambiguity aversioncash holdingspricing deviation

Mathematics Subject Classification ID

Corporate finance (dividends, real options, etc.) (91G50)

Cites Work

• The worst case for real options
• The impact of operational delay on irreversible investment under Knightian uncertainty
• Optimal capital structure, ambiguity aversion, and leverage puzzles
• Corporate Cash Holdings and Ambiguity Aversion

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