Asset redeployability and corporate cash holdings.

Purpose: The purpose of the study is to investigate the impact of asset redeployability on the level of corporate cash holdings. Design/methodology/approach: The authors use regression analysis to examine the relation between asset redeployability and corporate cash holdings. Findings: Using a large panel sample of US public firms from 1990 to 2020, the authors find a significant positive relation between asset redeployability and cash, which suggests that firms with more redeployable assets hold more cash. Originality/value: The authors contribute to a growing literature in accounting and finance that investigates the impact of asset redeployability on firm characteristics and also contribute to the literature on the determinants of cash holdings. [ABSTRACT FROM AUTHOR]