Cash Management in Selected Large Scale Public Limited Industrial Companies of Jordan
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Abstract
Abstract:
This paper examines the cash inventory of listed Jordanian Industrial Companies during the period 1993-2002. The evidence reflects the fact that most of the companies hold relatively either high or lower cash balance than the operational requirements.
The results also reveal that most of the well-Known determinants of cash and marketable securities holdings are not applicable to the companies under the study also volume of cash maintained in different industrial companies should be based on their operational requirements. Any excess cash should be deposited in short term investment.
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