Smith Business Close-Up: Stockpiling Cash
Thursday, Aug. 19, 2010, 7:30 p.m.;
Sunday, Aug. 22, 2010, 7:30 a.m.;
Monday, Aug. 23, 2010, 4:30 a.m.
A recent Wall Street Journal article reported that U.S. companies have been stockpiling
cash and cash equivalents. According to the Federal Reserve, cash balances at nonfinancial
companies are at the highest level ($1.84 trillion) since 1952. On a different measure,
Cash represents 7% of all assets, the highest level since 1963. What’s causing companies
to stockpile and how will this effect the economy?
In this edition of Smith Business Close-Up with the University of Maryland’s
Robert H. Smith School of Business, Progyan Basu, Tyser Teaching Fellow of accounting
and information assurance, discusses how why businesses are stockpiling cash.
Dr. Basu has more than 20 years of experience teaching accounting at undergraduate
and graduate levels. His research interests include financial accounting and accounting
education. He teaches accounting to MBAs and undergraduates, and he also serves
as a cohort director for Smith’s Executive MBA Program, as well as a faculty champion
for the Accounting Teaching Scholars program.
Smith Business Close-Up is co-produced by the Robert H. Smith School of
Business and Maryland Public Television. The television segment focuses on the latest thinking in business management,
and features in-depth interviews with Smith School faculty and other members of
the school’s community of business leaders.
Where to Watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public
Television's Your Business and Money. The program airs at 7:30 p.m. on
Thursdays and is repeated the following Sunday at 7:30 a.m. and Monday at 4:30
a.m. on public television stations throughout Maryland and the Washington, D.C.,
metropolitan region, including:
- WMPB-TV (Ch. 67), Baltimore
- WMPT-TV (Ch. 22), DC metro/Annapolis
- WCPB-TV (Ch. 28), Salisbury
- WFPT-TV (Ch. 62), Frederick
- WWPB-TV (Ch. 31), Hagerstown
- WGPT-TV (Ch. 36), Oakland
