Cash Holdings and Firm-Level Exposure to Epidemic Diseases
نویسندگان
چکیده
We study the effects of firm-level exposure to an epidemic disease on corporate cash holdings amongst U.S firms. Using a text-based measure diseases and difference-in-difference estimation strategy, we document positive relationship between onset holdings. find that, all recent epidemics, COVID-19 has strongest impact that this effect is mostly driven by negative sentiments around pandemic.
منابع مشابه
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3921914