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Peer Effects on Corporate Cash Holdings

Peer Effects on Corporate Cash Holdings. Yiwen Chen Yuanchen Chang Department of Finance National Chengchi University. Motivation of this studies. U.S. companies are sitting on an enormous and growing pile of cash. Cash reserve plays an important strategic role.

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467 views • 18 slides

Recording transactions

Recording transactions. Cash assets are reduced by $100, and wage expense of $100 is reflected in the income statement, which reduces income and retained earnings by that amount. All transactions incurred by the company during the accounting period are recorded similarly. Adjusting Accounts.

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351 views • 16 slides

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Peer Effects on Corporate Cash Holdings

Recording transactions