Is Saving Vital? Evidence from the Financial Crisis
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Univ Oviedo
Open Access Color
GOLD
Green Open Access
Yes
OpenAIRE Downloads
74
OpenAIRE Views
123
Publicly Funded
No
BIP! Indicators
Impulse
Top 10%
Influence
Average
Popularity
Top 10%
Abstract
We use a sample of 8,561 firm-years from the highly regulated Main Market (MAIN) and relatively unregulated Alternative Investment Market (AIM) in the United Kingdom to analyse the impact of financial restrictions on optimal cash holdings in the context of financial crises. Employing system generalised methods of moments, we find that AIM firms have a faster adjustment speed of cash as confirmed by precautionary and transaction motives over 2002-2017. However, AIM firms decrease (increase) their adjustment speed of cash more than MAIN firms during (after) the financial crises.
Description
Tekin, Hasan/0000-0003-2855-215X; Polat, Ali Yavuz/0000-0001-5647-5310
Keywords
Adjustment Speed, Eurozone Debt Crisis, Financial Constraints, Global Financial Crisis, Market Regulations, financial constraints, global financial crisis, market regulations, adjustment speed, adeurozone debt crisis
Fields of Science
0502 economics and business, 05 social sciences
Citation
WoS Q
Q3
Scopus Q
Q3
OpenCitations Citation Count
12
Source
Economics and Business Letters
Volume
9
Issue
2
Start Page
124
End Page
134
PlumX Metrics
Citations
Scopus : 14
Captures
Mendeley Readers : 20
SCOPUS™ Citations
14
checked on Apr 14, 2026
Web of Science™ Citations
6
checked on Apr 14, 2026
Page Views
1
checked on Apr 14, 2026
Downloads
3
checked on Apr 14, 2026
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