Details on senator ted cruz and his decision to run for president in 2016. And hans nichols is in berlin as the greek Prime Minister meets with the german chancellor. First lets hit you to the top stories we are following at this hour. Shares of previously owned homes came up short for the second month in a row. They were again below and annual sales rate of 5 million homes will stop the Real Estate Industry is struggling because of higher prices and a lack of inventory. We heard from the Federal Reserve ice chairman, stanley fischer, speaking in new york. He said raising Interest Rates from near zero will likely be warranted before the end of the year and subsequent increases probably wont be uniform or predictable. The Interest Rate is expected to lift off before the end of this year as the normalization of Monetary Policy gets underway. The extra gary Monetary Policy accommodation the fed has undertaken in response to the crisis has contributed importantly to the economic recovery.
Japan Needs Real Economic Reform
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Reports Outline Insurance Study Findings from Beijing Union University (Directors and Officers Liability Insurance and Corporate Cash Holdings: From Principal-principal Perspective): Insurance - Insurance News
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Studies have shown that foreign investors hedge risks stemming from economic and political uncertainty in the home country through outward investment. This paper studies how foreign investors' home country risk affects their overseas investment and the host country firms' corporate cash holdings. We find that relative foreign EPU, defined as the difference between foreign investors' home country EPU and the host country of investment EPU, negatively impacts the host country firms' cash holdings through their influences on managerial decision-making. This negative relationship arises from firms' precautionary and transaction motives as foreign investors perceive lower corporate risk and better investment opportunities in the host country firms. Good corporate governance is also instrumental in yielding this negative relationship. The reduction in cash holdings due to high relative foreign EPU is more pronounced if foreign investors' home country legal envir
This paper investigates whether gender diversity in the boardroom is associated with corporate cash holdings and whether investor protection moderates the effect of corporate board gender diversity on corporate cash holdings. Using 20,750 firm-year observations from 33 countries, our analyses show that firms with high levels of corporate board gender diversity exhibit low corporate cash holdings. Furthermore, firms in countries with high levels of investor protection have low corporate cash holdings. Moreover, the negative association between board gender diversity and corporate cash holdings is weaker in high-level investor protection countries than in low-level investor protection countries. Our results are robust to various specification tests, such as the endogeneity issue, weighted least-squares regression, the global economic crisis effect, alternative measures for corporate cash holdings, and various country-level institutional features. Taken together, the findings reveal that