In 2022, the repetitive increasing gas prices have caused exorbitant electricity prices in most European countries. Economists argue that this is an evident consequence of Europe’s Internal Electricity Market functioning: for economic efficiency, the price is equated to the...

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...