Applied Finance Letters (Oct 2021)

COVID-19 IS DEADLY! LONG LIVE THE KING, CORPORATE CASH HOLDINGS!

  • Akanksha Saxena ,
  • Ranajee,
  • Ms Saumita Roy

DOI
https://doi.org/10.24135/afl.v10i.376
Journal volume & issue
Vol. 10

Abstract

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Covid-19 has adversely affected the human race. With human race confined to their houses, the level of consumption has gone down and it has significant negative impact on the cash flows of the existing businesses. In this study, using different scenarios and stress level, we try to predict the impact on businesses cash flows and establish the role of corporate cash holdings in avoiding illiquidity of businesses.