Vers un cadre conceptuel du comportement des entreprises en matière de trésorerie

Abstract : The issue of theory of liquidity has been the topic of endless debates among practioners and academicians but has led to few papers. This paper presents a conceptual framework to fill this theoretical gap at a time where companies hold more and more liquidity. It examines three propositions dealing with competitive advantage of cash and marketable holdings, management of liquidity constraints and avoidance of free cash flow. It focuses on the power of liquidity; greater liquidity may increase or reduce corporate value.
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Henri Koulayom. Vers un cadre conceptuel du comportement des entreprises en matière de trésorerie. Revue Sciences de Gestion, Institut de Socio-Economie des Entreprises et des Organisations (ISEOR), 2001, No 28 (p.117-134.), pp.RSCG. ⟨hal-01147854⟩

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