Horioka, Charles Yuji; Terada-Hagiwara, Akiko - Institute of Social and Economic Research (ISER), Osaka … - 2013
In this paper, we analyze the determinants of corporate saving in the form of changes in the stock of cash for 11 Asian economies using firm-level data from the Oriana Database for the 2002-2011 period. We find some evidence that cash flow has a positive impact on the change in the stock of...