0
$\begingroup$

Sustainable competitive advantage are company assets, attributes, or abilities that are difficult to duplicate or exceed; and provide a superior or favorable long-term position over competitors.

In this document, the author said that Strong Balance Sheet / Cash is a type of "Sustainable competitive advantage"

Strong Balance Sheet / Cash is :

Companies with low debt and/or lots of cash have the flexibility to make opportune investments and never have a problem with access to working capital, liquidity, or solvency (i.e. Johnson & Johnson (JNJ).The balance sheet is the foundation of the company.

I am wondering if there is any peer reviewed paper claiming the same thing?

$\endgroup$
2
  • 1
    $\begingroup$ What do you mean, ‘official paper’ $\endgroup$
    – dm63
    Jun 18, 2021 at 14:41
  • $\begingroup$ I mean, the papers on academic journals. $\endgroup$ Jun 18, 2021 at 22:00

1 Answer 1

4
$\begingroup$

There are many academic articles documenting the strategic advantage of cash. Two examples that I have read recently are: Revisiting the concept of a competitive “cash advantage” and Cash is surprisingly valuable as a strategic asset.

$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.