This paper empirically examines whether additional future fixed capital and R&D investment expenditures induce firms to accumulate cash reserves while considering the role of market imperfections. Implementing a dynamic framework on a panel of US, UK and German companies, we find that firms make larger additions to cash holdings when they plan additional future R&D rather than fixed capital inv...

The environment is the source of many discussions in America’s board rooms. Most of the conversations probably center around cost containment, dealing with new regulations or reacting to unexpected problems. Some conversations may even revolve around how to “cash in” on the public’s concern for the environment. All of these discussions are normal, but also are increasingly becoming outdated. Co...

BACKGROUND Age disparities in sexual relationships have been proposed as a key risk factor for HIV transmission in Sub-Saharan Africa, but evidence remains inconclusive. The SIHR study, a cluster randomised trial of a cash transfer programme in Malawi, found that young women in the intervention groups were less likely to have had a sexual partner aged 25 or older, and less likely to test positi...

This study investigates empirically the value investors place in excess cash holdingand how managerial ability impact on the value of cash holding for Iranianfirms from 2006 to 2014. In this research, managerial ability calculated by usingthe data envelopment analysis (DEA). Following the approach of Faulkender andWang, we find that the relation between managerial ability and value of cash hold...

Currently, the use of cash payments in economy is an undesirable element since it basis for shadow development. The willingness Russian Federation Government to switch non-cash has reason. implementation many state programs depends on development, especially developing regions. Non-cash allow take control movement funds, as well assess its origin. Moreover, they contribute growth tax revenues b...

of “Efficient Cryptography for Information Privacy” by Foteini Baldimtsi, Ph.D., Brown University, May 2014. In the modern digital society, individuals, businesses and governments perform numerous everyday tasks such as shopping, banking and commuting using electronic media. Although these electronic transactions provide efficiency and convenience, they usually overlook the privacy of the users...

The current article shows the development of a research process whose main objective was to explain influence social representations inhabitants Bogotá, Colombia in implementation public policy conditional cash transfers “Más Familias en Acción.” For this aim, qualitative study hermeneutic design conducted with beneficiaries program and non-beneficiaries, which, through application semi-structu...