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| Author: | Soenen, L. A. Aggarwal, R. |
| Title: | Banking relationships and cash and foreign exchange management : a study of companies in the U.K., the Netherlands and Belgium. |
| Journal: | Management International Review
1988 : VOL. 28:2, p. 56-69 |
| Index terms: | CASH MANAGEMENT FOREIGN EXCHANGE BANKING UNITED KINGDOM NETHERLANDS BELGIUM |
| Language: | eng |
| Abstract: | Many promising and profitable business with good products and markets have gone bankrupt by making the common mistake of equating profitability with liquidity. A company needs cash balances in order to satisfy transactions, precautionary and speculative needs. In addition, some cash balances may be needed to satisfy banking requirements and compensating balances. In a company with operations in more than one country, the needs for cash balances by foreign affiliates denominated in a number of currencies, must be coordinated with cash flows resulting from corporate activity. |
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