Corporate Cash Holding in Asia
---- Acknowledgments ----
This paper was prepared for the Asian Development Bank TA 7428-REG on "Sustaining Asia's Growth and Investment in a Changing World." The authors are indebted to Maria Socorro Bautista, Kazuo Ogawa, and Noli Sotocinal and to Xiang Lin and the other participants of the Ninth Annual Conference of the Asia-Pacific Economic Association (APEA) 2013, held in Osaka, Japan, on July 27-28, 2013, for their valuable comments and to Romana Domingo for her superb assistance. Any remaining errors are the authors'. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.