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The Evolution of Corporate Cash

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NBER2017-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23767
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We put the recent increase in corporate cash in historic perspective by studying nearly 100 years of average and aggregate cash holdings. Corporate cash more than doubled in the first 25 years of our sample before returning to 1920 levels by 1970. Since then, average and aggregate patterns diverge.
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2017-09-01
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