Uniform field theory of corporate finance While the agency and precautionary-motive stories are complementary, these stories can be nested as special cas

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Former Treasury Secretary and Harvard President Larry Summers critiques that the Trump administration's generous tax holiday for American multinational

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From 1927 to 2017, the U.S. stock market has delivered a hefty average return of about 11% per annum. The U.S. average stock market return is high in stark

Most business organizations should continue to create new value in order to achieve long-run success and sustainable profitability. Todd Zenger (2016)