The Economist (November 3)
2012/ 11/ 04 by jd in Global News
Even as profits have tumbled, balance sheets have soared as companies across the globe put more cash aside. “The financial crisis has made firms more skittish about relying on banks or securities markets for funds.” At least in Japan, this “urge to save may be lessening. Japanese firms, with few growth prospects at home, have been making foreign deals. Marc Zenner of JPMorgan Chase notes that in the past 18 months firms that announce acquisitions have been rewarded with higher share prices.”
Tags: Balance sheets, Banks, Cash, Foreign acquisitions, Japan, Profits, Share price
