The Rise in Corporate Saving and Cash Holding in Advanced Economies Aggregate and Firm Level Trends is popular PDF and ePub book, written by Mai Chi Dao in 2018-12-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Rise in Corporate Saving and Cash Holding in Advanced Economies Aggregate and Firm Level Trends can be Read Online from any device for your convenience.
The Rise in Corporate Saving and Cash Holding in Advanced Economies Aggregate and Firm Level Trends Book PDF Summary
Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account surpluses. We find that this trend holds consistently across major industries, and is concentrated among large firms, driven by rising profitability, lower financing costs, and reduced tax rates. At the same time, higher gross corporate saving have not supported a commensurate increase in fixed capital investment, but instead led to a build-up of liquid financial assets (cash). The determinants of corporate cash holding and saving are also broad-based across countries, with the growth in assets of large firms, R&D intensity, and lower effective tax rates accounting for most of the increase over the last 15 years.
Detail Book of The Rise in Corporate Saving and Cash Holding in Advanced Economies Aggregate and Firm Level Trends PDF
- Author : Mai Chi Dao
- Release : 07 December 2018
- Publisher : International Monetary Fund
- ISBN : 9781484390290
- Genre : Business & Economics
- Total Page : 64 pages
- Language : English
- PDF File Size : 8,5 Mb
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