cash holding. To do this, we use the new data for Poland and review original datasets from Bates et al. [2009] for the U ….S. We find no trace of a trend for Poland and believe most trends for the U.S. come from the cash piling toward the end of … the sample period. At best, the U.S. trend applies merely to small firms. We believe cash holding is a period …

Purpose This paper investigates the effect of economic policy uncertainty on value of cash before and after the global … excess cash based on the valuation model of Fama and French (1998). Baker et al. (2016) news-based index (BBD index) is … "positively" related to value of cash in the pre-crisis "post-crisis" period. Moreover, we also document that the positive effect …