TY - JOUR AU - Alltizer, Richard AU - Swanson, Zane PY - 2014/03/15 Y2 - 2024/03/29 TI - Cash Position Forecasts Pre and Post The 2008 Market Crash JF - Journal of Business Strategies JA - J Bus Strategies VL - 31 IS - 1 SE - Research Articles DO - 10.54155/jbs.31.1.205-220 UR - https://jbs-ojs-shsu.tdl.org/jbs/article/view/76 SP - 205-220 AB - <p>Our study focuses on the important issue of cash forecasting. The Wall Street<br>Journal (WSJ) published articles (1995, 2009) dealing with the record levels of cash<br>held by large publicly traded companies, asserting that cash positions may be excessive.<br>The articles discuss, at points in time, a trend over three decades of increasing<br>cash holdings which doubled from 1980 through 2006. The ability to forecast cash<br>holdings is an important element in deciding where to invest consistent with one’s<br>predilection, and may therefore become more important as cash holdings increase. In<br>contrast to prior research, our study demonstrates a forecasting model with firm-specific<br>variables. The results indicate a strong model in spite of changing economic<br>conditions; however, with significant turbulence (i.e. the 2008 market failure), we<br>find that certain coefficients are impacted.</p> ER -