To enhance financial flexibility, companies have been retaining unprecedented amounts of cash on their balance sheets, calling it “strategic” cash to distinguish it from the “operating” cash that is needed to run the business.
Should Companies Retain “Strategic” Cash?
To enhance financial flexibility, companies have been retaining unprecedented amounts of cash on their balance sheets, calling it “strategic” cash to distinguish it from the “operating” cash that is needed to run the business. Politicians have claimed that retaining cash balances is hurting the global economy—even characterizing the practice as unpatriotic—and many investors have argued […]
April 16, 2012
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New!
HBR Learning
Finance Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.