Firm Selection and Corporate Cash Holdings
收藏NBER2017-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23249
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资源简介：
Among stock market entrants, more firms over time are R&Dintensive with initially lower profitability but higher growth potential. This sample-selection effect determines the secular trend in U.S. public firms cash holdings. A stylized firm industry model allows us to analyze two competing changes
提供机构：
美国国家经济研究局
创建时间：
2017-03-01
