Tag: applications


Passenger Travel And Leisure Trade Applications

The examine finds that progress alternatives, money flow, and cash circulate volatility affect money holdings positively, whereas size, leverage, liquidity, asset intangibility and dividend payments affect negatively. Companies operating in the airlines sub-sector hold more Travel Agent cash, while firms in the hotels and eating places and bars sub-sectors maintain less cash than the reference sub-sector of travel and tourism. Except for the free money flow model, the trade-off and pecking order fashions of money holdings are empirically supported for the TL sector.

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