RDP 2016-03: Why Do Companies Hold Cash?
Equation
E
[
α
i
|
X
1
i
t
,
P
U
B
L
I
C
i
]
≠
0
E
[
α
i
|
X
2
i
t
]
=
0
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGfbWaamWaaeaacqaHXoqydaWgaaWcbaGaamyAaaqabaGccaGG8bGaamiwamaaBaaaleaacaaIXaGaamyAaiaadshaaeqaaOGaaiilaiaadcfacaWGvbGaamOqaiaadYeacaWGjbGaam4qamaaBaaaleaacaWGPbaabeaaaOGaay5waiaaw2faaiabgcMi5kaaicdaaeaacaWGfbWaamWaaeaacqaHXoqydaWgaaWcbaGaamyAaaqabaGccaGG8bGaamiwamaaBaaaleaacaaIYaGaamyAaiaadshaaeqaaaGccaGLBbGaayzxaaGaeyypa0JaaGimaaaaaa@5556@