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Federal Reserve Bank of Cleveland
Economic Commentary
The dark side of liquidity
Joseph G. Haubrich
João Cabral dos Santos

A look at the disadvantages of a firm's having too much liquidity, explaining that when a company has a great deal of its worth tied up in liquid assets, it has a harder time attracting investors, who must be convinced that the firm's managers will not "take the money and run."

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Joseph G. Haubrich & João Cabral dos Santos, "The dark side of liquidity" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Sep, 1997.
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Keywords: Liquidity (Economics) ; Corporations - Finance
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