US MNCs foreign cash worth less?

  • Cong Wang
  • Jarrad Harford
  • Kuo Zhang

    Press/Media: Newspaper ArticlesInterview


    Prof. Wang and his co-authors, Prof. Jarrad Harford of University of Washington and Kuo Zhang of Xiamen University, looked at a sample of US-listed multinational firms that disclose their foreign cash holdings. The findings show that the more cash a firm holds overseas, the lower shareholders value that cash. The researchers also found that firms with large cash holdings overseas tend to under-invest domestically and over-invest abroad.

    Period10 Apr 2017

    Media contributions


    Media contributions

    • TitleUS MNCs foreign cash worth less?
      Media name/outletCEIBS
      PersonsCong Wang, Jarrad Harford, Kuo Zhang


    • Interview