Innovation and Corporate Cash Holdings in the Era of Globalization

Innovation and Corporate Cash Holdings in the Era of Globalization
We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R&D activities. Our contributions to the literature are twofold. First, we develop a simple model that brings together the insights from modern trade... READ MORE...

Publication date: January 2019
ISBN 9781484392164
$18.00

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