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Corporate Cash in Shipping Industry by Moncef ELmouaddine is a document available to read on EtoBox.
The paper examines corporate cash holdings in the shipping industry, revealing that shipping firms maintain significantly higher cash reserves compared to similar asset-heavy industries due to a higher marginal value of cash. This valuation is influenced by cultural factors and the cyclicality of growth opportunities, particularly during economic downturns when external capital is scarce. Overall, shipping companies demonstrate a more conservative approach to cash management, using cash as a strategic asset
- Author
- Moncef ELmouaddine
- Language
- EN