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Three issues are addressed in this paper; What are the important cash holding determinants? Do firms adjust cash levels toward their optimal ones? Do holding more cash contribute to stock return? The data covers between 1998 and 2008 for firms from Korea, Taiwan and Japan. We find that earning...
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The centre of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic … and rising global prominence has raised a range of major challenges for Asia and for the rest of the world. This …
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