Management of Excess Cash: Practices and Developments

This study presents a comprehensive assessment of the excess cash in major U.S. corporations. Analysis is based on three independent surveys of Fortune's second 500 companies conducted in 1979, 1982, and 1984. The results show trends in the management of excess cash, the relative importance of...

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Bibliographic Details
Published in:Financial management 1985-10, Vol.14 (3), p.70-77
Main Authors: Kamath, Ravindra R., Khaksari, Shahriar, Meier, Heidi Hylton, Winklepleck, John
Format: Article
Language:English
Subjects:
Cash
Cash management
Commercial paper
Corporate finance
Criteria
Eurodollars
Financial instruments
Financial investments
Investment return rates
Investments
Market surveys
Money market instruments
Money markets
Polls & surveys
Preferences
Repurchase agreement
Surveys of Corporate Financial Practice
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Summary:This study presents a comprehensive assessment of the excess cash in major U.S. corporations. Analysis is based on three independent surveys of Fortune's second 500 companies conducted in 1979, 1982, and 1984. The results show trends in the management of excess cash, the relative importance of various short-term securities in money market portfolios of U. S. corporations, and the criteria used in selection of money market instruments.
ISSN:0046-3892
1755-053X
DOI:10.2307/3665061