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It's a costly accounting strategy that may drain cash, leaving firms more vulnerable to the economic turmoil.
One explanation is that the hangover from the financial crisis still lingers, leaving firms and households keener to cut debt than boost spending.
First, exports and household spending fell sharply, leaving firms with more than enough capacity to supply everything people wanted to buy.
The main hedging tool for big Taiwanese corporations, non-delivery forward contracts, was banned in May, leaving firms exposed to huge losses should the currency founder.
This is an attempt to counter criticism that before the banking crisis bonuses were paid in cash leaving firms with no means of redress when losses occurred later.
Yet on current trends only 550,000 native-born Americans will be earning such degrees over that period, leaving firms no choice but to turn to immigrants.That would be no bad thing.
Similar(47)
Big budget cuts have slowed economies and left firms uncertain about future demand for their products.
In a uniform price auction for electricity with two firms, strategic behaviour may leave firms offering too few capacities and unable to supply all realized demand.
* With two months left, firms fret.
Unopened, the notices went back to the court clerk, one marked "Return to Sender — Left Firm".
One was stamped "Returned to Sender — Attempted Unknown," the other "Return to Sender — Left Firm".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com