Thomas Piketty connects the dots between economic growth and inequality worldwide with long-term global empirical evidence. Thomas Piketty (2017) &nbs

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

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut post-FOMC press conference. The Federal Reserve raises

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

Is higher stock market concentration good or bad for Corporate America? In recent years, S&P 500 stock market returns exhibit spectacular concentrati