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Why do firms hold so much cash? A tax-based explanation

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NBER2006-10-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w12649
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资源简介:
U.S. corporations hold significant amounts of cash on their balance sheets, and these cash holdings have been justified in the existing empirical literature by transaction costs and precautionary motives. An additional explanation, considered in this study, is that U.S. multinational firms hold cash
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2006-10-01
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