Aggregate Risk and the Choice between Cash and Lines of Credit

By V. Acharya, Heitor Almeida, Murillo Campello. 2010

151 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/00531c54cafd380c0bca4741738cb98c1fc134a6

Citations in the corpus

• Cash holdings and labor heterogeneity:the role of skilled labor (2017, unknown): “Acharya, Almeida, and Campello (2013) show that firms with large liquidity risks tend to favor cash if their liquidity risk is aggregate in nature.”
• Precautionary Savings with Risky Assets: When Cash Is Not Cash (2016, unknown): “…to a further dimension on which lines of credit and cash reserves differ for liquidity provision (see, for example, Sufi (2009), Disatnik et al. (2013), and Acharya et al. (2013)) since 8 lines of credit cannot be invested in assets that positively co-vary with the firm’s operating cash flows.”
• Double Bank Runs and Liquidity Risk Management (2016, unknown): “5 Acharya, Almeida, and Campello (2013) and Acharya, Almeida, Ippolito and Perez (2014) find that firm characteristics matter for access to credit lines.”