> We constructed a sample of 597,000 businesses who hold Chase Business Banking deposit accounts and meet our criteria for small, core metropolitan operating businesses.
I read the overview — not the full 44pg pdf. But if small businesses manage their finances at all similarly to the way I as an individual do, I wouldn’t expect a single bank deposit account to hold the full story of all the liquidity a business can tap into in time of need.
For example, how many of theses businesses keep enough $ in the bank account to cover monthly expenses, and then keep some in a higher grossing money market account with a different institution which they can tap into in times of unexpected/less frequent demand, or as they save up a deposit on a nicer office, or as a way to optimize their take-home pay for tax purposes? I don’t know the answers, but from the overview it seems like Chase doesn’t either.
I read the overview — not the full 44pg pdf. But if small businesses manage their finances at all similarly to the way I as an individual do, I wouldn’t expect a single bank deposit account to hold the full story of all the liquidity a business can tap into in time of need.
For example, how many of theses businesses keep enough $ in the bank account to cover monthly expenses, and then keep some in a higher grossing money market account with a different institution which they can tap into in times of unexpected/less frequent demand, or as they save up a deposit on a nicer office, or as a way to optimize their take-home pay for tax purposes? I don’t know the answers, but from the overview it seems like Chase doesn’t either.