Why companies are hoarding cash

02/19/2013 | New York Times (tiered subscription model), The

Corporate cash holdings are increasing, with public companies holding on average 12% of assets in cash, compared with 6% in 1995. There are several theories for the increase, such as tax avoidance, an uncertain global macroeconomic environment and growth of research and development. In some cases, the cash hoard does not benefit shareholders, prompting lawsuits, such as investor David Einhorn's against Apple.

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