Corporate diversification theory and evidence A recent strand of corporate diversification literature spans at least three generations. The first generat

FAMGA stands for Facebook, Apple, Microsoft, Google, and Amazon. These tech giants account for more than 15% of market capitalization of the American stock

Treasury Secretary Steven Mnuchin welcomes a weak U.S. dollar amid pervasive fears of an open trade war between America and China. At the World Economic For

Corporate cash management The empirical corporate finance literature suggests four primary motives for firms to hold cash. These motives include the tra

Technological advances, geopolitical risks, and pandemic outbreaks cannot shake investor confidence in the American dollar as the global reserve currency.

Central bank independence remains important for core inflation containment in the current age of political populism. In accordance with the dual mandate of