Why Sit on All that Cash? Firms Uncertain on Cost of Capital
Harvard Business Review
MARCH 10, 2011
With a record $2 trillion in cash and short-term liquid assets on hand, U.S. Only 46 percent use the perpetuity growth model, while 27 percent develop an explicit cash flow forecast for the entire life of a project. non-financial firms certainly seem poised to expand. What's holding them back?
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