Kathleen Kahle, an associate professor of banking and finance, was quoted in a Wall Street Journal article about how companies are keeping more cash on hand these days.
She said that younger firms, which carry more risks, tend to keep more cash on hand when credit is tight because they have more difficulty raising money in those circumstances.
“At the same time, they have a lot of growth opportunities and want to make sure that they have the funds necessary to invest in good projects,” she said.
