What Drives Corporate Savings
收藏NBER2026-01-01 更新2026-01-10 收录
下载链接：
https://www.nber.org/papers/w34622
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资源简介：
We study the determinants of corporate cash holdings by extending the standard q theory of investment with financing frictions and productivity shocks. While existing models predict a low propensity to hold cash, we show that realistic cash holdings arise only when three ingredients are combined: 1.
提供机构：
美国国家经济研究局
创建时间：
2026-01-01
