A MULTINATIONAL LIQUIDITY COMPARISON OF MANUFACTURING FIRMS
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초록
UsingasampleofU.S.-basedmanufacturingfirms withatleast20%oftheirrevenuegeneratedabroad,static measures ofliquidity indicate that small MNCs are more liquid while dynamic measures ofliquidity indicate that large MNCs are more liquid. These results are consistent with the idea that managers ofrelatively small MNCs carry larger balances ofcurrent assets to capitalize on investments in growth opportunitie or to avoid bankruptcy and the loss of employment. Furthermore, the findings of this study and are more focused on managing their liquidity.
Abstract
UsingasampleofU.S.-basedmanufacturingfirms withatleast20%oftheirrevenuegeneratedabroad,static measures ofliquidity indicate that small MNCs are more liquid while dynamic measures ofliquidity indicate that large MNCs are more liquid. These results are consistent with the idea that managers ofrelatively small MNCs carry larger balances ofcurrent assets to capitalize on investments in growth opportunitie or to avoid bankruptcy and the loss of employment. Furthermore, the findings of this study and are more focused on managing their liquidity.