Sehr geehrte Damen und Herren,
wir laden Sie herzlich zum VOSTA Freitagsseminar mit Frau Neeltje van Horen, Bank of England, mit dem Titel
"All you need is cash: Corporate cash holdings and investment after the financial crisis" ein.
Termin:
Freitag, 8. November 2019 um 11.00 Uhr
Ort:
Oesterreichische Nationalbank
Veranstaltungssaal, Erdgeschoss
Otto-Wagner-Platz 3
1090 Wien
Abstract:
Firms with high pre-crisis cash holdings invested significantly more during the global financial crisis and the recovery phase than their
cash-poor rivals. This resulted in a persistent and growing investment gap between cash-rich and cash-poor firms. The amplification effect of cash was absent in the period preceding the crisis. It was especially strong for young and small firms and in industries
where rivals were financially constrained. The ability to continue to invest after the crisis allowed cash-rich firms to gain market share and accumulate profits. A liquid balance sheet thus gives firms a long-term competitive advantage when credit conditions
tighten.
Um Ihre verlässliche
An- bzw. Abmeldung ersuchen wir bis
Dienstag, 5. November 2019, unter event-management@oenb.at.
Mit freundlichen Grüßen
Event-Management
