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Increase in Cash Holdings: Pervasive or Sector-Specific?
16 references·3 citing·31 second hop
Increase in Cash Holdings: Pervasive or Sector-Specific? (2009)Increase in Cash Holdings: Pervasive or S…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …A Review of IPO Activity, Pricing, and Allocations (2002)A Review of IPO Activity, Pri…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Capitalism, Socialism and Democracy (1997)Capitalism, Socialism and Dem…Corporate Finance and Corporate Governance (1988)Corporate Finance and Corpora…The Capital Structure Puzzle (1984)The Capital Structure PuzzleOn the Existence of an Optimal Capital Structure: Theory and Evidence (1984)On the Existence of an Optima…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Determinants of corporate borrowing (1977)Determinants of corporate bor…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Market for "Lemons": Qual…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…The General Theory of Employment (1937)The General Theory of Employm…The General Theory of Employment, Interest and Money. (1936)The General Theory of Employm…The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends (2018)The Rise in Corporate Saving …Firm Selection and Corporate Cash Holdings (2017)Firm Selection and Corporate …New insights about the relationship between corporate cash holdings and interest rates (2016)New insights about the relati…Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Survey of Corporate Governance (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Absorptive Capacity: A New Perspective on Learning and Innovation (1990)Dynamic capabilities and strategic management (1997)The Promise of Entrepreneurship as a Field of Research (2000)The Evolution of Cooperation (1981)The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation (1991)The Theory of Capital Structure (1991)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Does the Stock Market Overreact? (1985)Introduction: epistemic communities and international policy coordination (1992)Postwar U.S. Business Cycles: An Empirical Investigation (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)
this work references cited by second hop

References

  • 1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism22,977 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1997Capitalism, Socialism and Democracy15,265 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1936The General Theory of Employment, Interest and Money.14,486 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1937The General Theory of Employment5,168 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 cited
  • 1984On the Existence of an Optimal Capital Structure: Theory and Evidence2,477 cited
  • 2002A Review of IPO Activity, Pricing, and Allocations2,452 cited

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  • 1988Corporate Finance and Corporate Governance2,253 cited
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    • 2017Firm Selection and Corporate Cash Holdings24 cited
    • 2016New insights about the relationship between corporate cash holdings and interest rates21 cited
    • 2018The Rise in Corporate Saving and Cash Holding in Advanced Economies: Aggregate and Firm Level Trends19 cited