Studies on the management and value of cash in family businesses
Family businesses; Family management; Cash liquidity; cash effect
This thesis is part of the set of studies that investigate the behavior of accumulation as a financial strategy of the company that has implications related not only to the accounting performance in terms of how the market perceives and deals with decision making related strategies. It also integrates studies that recognize that the heterogeneity of family businesses can moderate not only strategic management decisions, but also the attribution of market value in view of the adopted financial policies. Finally, it includes the studies that suggest the existence of an established optimal level of cash at which companies seek to adjust.