BEUSELINCK, Christof; DELOOF, Marc; VANSTRAELEN, Ann - Faculteit Toegepaste Economische Wetenschappen, … - 2011
This study investigates cash policies of multinational corporations (MNCs) for a large sample of European MNCs and their subsidiaries in the period 1998-2004. The results are consistent with the hypothesis that cash holdings depend on a trade-off between the superior knowledge of the subsidiary...