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Journal of Applied Sciences
  Year: 2013 | Volume: 13 | Issue: 16 | Page No.: 3290-3294
DOI: 10.3923/jas.2013.3290.3294
 
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The Firm’s Liquidity Risk Management Based on the Variable-investment Model

Yang Xiani

Abstract:
Based on the external financing analysis framework under asymmetric information, this study introduces a chance of reinvestment which could increase the probability of success. And then we analyze its influence on the firm’s liquidity and risk management through variable-investment model. Both of the theory and numerical calculations show that this kind of profitable growth opportunity could significantly improve the firm’s ability against liquidity risk.
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How to cite this article:

Yang Xiani , 2013. The Firm’s Liquidity Risk Management Based on the Variable-investment Model. Journal of Applied Sciences, 13: 3290-3294.

DOI: 10.3923/jas.2013.3290.3294

URL: https://scialert.net/abstract/?doi=jas.2013.3290.3294

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