@techreport{d87e5b9715bb49558211af816c3c8d95,
title = "Non-linear Target Adjustment in Corporate Liquidity Management: An Endogenous Thresholds Approach",
abstract = "We provide new empirical evidence on non-linear liquidity management in Dutch firms. Our results reveal that liquidity adjustment from below the target is significantly faster than from above. We find no evidence for bands of inaction around the target.",
keywords = "Corporate Liquidity Management, Non-linear Adjustment, Endogenous Thresholds, Panel Approach ",
author = "A. Bruinshoofd and C.J.M. Kool",
year = "2006",
language = "English",
series = "Discussion Paper Series / Tjalling C. Koopmans Research Institute ",
publisher = "UU USE Tjalling C. Koopmans Research Institute",
number = "15",
type = "WorkingPaper",
institution = "UU USE Tjalling C. Koopmans Research Institute",
}