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We document a broad-based trend in rising cash holdings of firms across major industrialized countries over the last two decades, a trend that is most pronounced for firms engaged strongly in R and D activities. Our contributions to the literature are twofold. First, we develop a simple model...
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We study the effects of globalization on entrepreneurial activities in China, using a favorable change in U.S. trade …
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We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond … market and propose a dynamic reputation model to understand China's internationalization strategy. While previously closed to … foreign investors, China has recently allowed major increases in foreign investment in its domestic bond market. China …
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We compare the cross-sectional variation in the dividend payout policies of companies across 32 countries. Beyond the impact of firm-specific accounting and financial variables, this study investigates how the country level variations: shareholder demand due to demographic variations and...
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The world stock markets are moving so rapidly towards globalization, and integration of local financial markets to international financial systems and institutions through cross borders transactions. The globalization phenomenon may be a blessing and enhance national economies, or may increase...
Persistent link: https://www.econbiz.de/10014058564
We document a 5 percentage point decline in the share of global corporate income paid to labor from the mid-1970s to the late 2000s. Increased dividend payments did not absorb all of the resulting increase in profits, and therefore, the supply of corporate savings increased by over 20 percentage...
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