Defensive liquidity accumulation vs. offensive investing: corporate strategies during economic crises

Lastochkin, Dimitri (A.A. 2024/2025) Defensive liquidity accumulation vs. offensive investing: corporate strategies during economic crises. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 55. [Master's Degree Thesis]

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Abstract/Index

Literature review. Liquidity management and cash holdings. Investment. Performance. Research gap and hypothesis development. Methodology. Data source and sample selection. Data cleaning and sample refinement. Variables. Empirical model. Results. Hypothesis 1: firms increase their liquidity holdings during the Covid-19 pandemic and the Russian–Ukrainian war. Hypothesis 2: firms reduce investment expenditures during the Covid-19 pandemic and the Russian–Ukrainian war. Hypothesis 3: higher liquidity holdings during the crisis period are positively associated with firm performance in the post-crisis period. Hypothesis 4: firms that maintain higher investment levels during the crisis period exhibit superior post-crisis performance.

References

Bibliografia: pp. 53-54.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: Advanced corporate finance
Thesis Supervisor: Murro, Pierluigi
Thesis Co-Supervisor: Altieri, Michela
Academic Year: 2024/2025
Session: Extraordinary
Deposited by: Alessandro Perfetti
Date Deposited: 15 Jun 2026 15:24
Last Modified: 15 Jun 2026 15:24
URI: https://tesi.luiss.it/id/eprint/46159

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