Hisse Senedi Likiditesi ile İşletmelerin Nakit Varlıkları Arasındaki Nedensellik İlişkisi

Recent research documents evidence that stock liquidity and asset are associated. In the literature, some finds effect of on whereas corporate liquidity. This study examines causality relationship between a firm’s its cash holdings. We use Granger for dataset listed non-financial companies. find bidirectional two variables. The shows from to holdings is weaker than otherwise. Furthermore, our findings imply investors more reliant valuation smaller firms.