July/August 2013

In This Edition

  • Donor Motives for Foreign Aid

    The literature on foreign aid has contributed to our understanding of the motives for developed nations to provide aid to developing nations. In this article, the authors primarily focus on donor motivation, but they also touch on the consequences of receiving aid for developing nations.


  • The New Risk Management: The Good, the Bad, and the Ugly

    In a 1997 Review article, the authors described the good, the bad, and the ugly features of what they called the new risk management, which is the use of financial derivatives to hedge risk in firms.


  • Why Are U.S. Firms Holding So Much Cash? An Exploration of Cross-Sectional Variation

    Currently U.S. firms hold record amounts of cash. The authors explore cross-sectional variation in cash holdings of U.S. publicly traded firms to shed light on the reasons for this recent trend.