This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general...

This paper constructs an index of firm’s perception of economic policy uncertainty (FEPU) with text-mining method and investigates its impact on cash holdings. With a sample of Chinese listed firms from 2012 to 2020, our empirical results show that firms tend to hold less cash when they...

"Issues in Finance: Credit, Crises and Policies presents a collection of surveys on key issues surrounding the relationship between credit, finance, and the macro-economy that are linked to the recent global financial crisis. Presents a timely collection of surveys that shed light on the recent...