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The relationship between judicial efficiency and corporate cash holdings: An international study
16 references·6 citing·28 second hop
The relationship between judicial efficiency and corporate cash holdings: An international study (2016)The relationship between judicial efficie…The law and economics of self-dealing (2008)The law and economics of self…Private credit in 129 countries☆ (2007)Private credit in 129 countri…Corporate governance and the value of cash holdings (2006)Corporate governance and the …The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Corporate Ownership Around the World (1999)Corporate Ownership Around th…Law and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Separation of Ownership and Control (1983)Separation of Ownership and C…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Debt with Potential Repudiati…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)On the Pricing of Corporate D…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Judicial reform and corporate cash holdings: Evidence from the establishment of circuit courts in China (2024)Judicial reform and corporate…The role of shareholders and creditors' rights in affecting cash holdings and firm value: A recent evidence from ASEAN (2021)The role of shareholders and …Environmental rule enforcement and cash holdings: Evidence from a natural experiment (2021)Environmental rule enforcemen…Cash policy and the bank-firm relationship (2020)Cash policy and the bank-firm…Internal pyramid structure, contract enforcement, minority investor protection, and firms’ performance: Evidence from emerging economies (2019)Internal pyramid structure, c…Impact of taxation on dividend policy: Evidence from Pakistan (2017)Impact of taxation on dividen…A Survey of Corporate Governance (1997)Investor protection and corporate governance (2000)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)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)Significance tests and goodness of fit in the analysis of covariance structures. (1980)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)The theory and practice of corporate finance: evidence from the field (2001)The Nature of the Firm (1937)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Strategic assets and organizational rent (1993)The Cross-Section of Expected Stock Returns (1992)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The separation of ownership and control in East Asian Corporations (2000)Earnings management and investor protection: an international comparison (2003)The Cash Flow Sensitivity of Cash (2004)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1983Separation of Ownership and Control19,446 cited
  • 1998Law and Finance17,902 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1999Corporate Ownership Around the World10,565 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2008The law and economics of self-dealing3,514 cited
  • 2007Private credit in 129 countries☆2,798 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1974On the Pricing of Corporate Debt: The Risk Structure of Interest Rates2,752 cited
  • 1981Debt with Potential Repudiation: Theoretical and Empirical Analysis2,611 cited
  • 2006Corporate governance and the value of cash holdings

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Cited by

  • 2017Impact of taxation on dividend policy: Evidence from Pakistan40 cited
  • 2021The role of shareholders and creditors' rights in affecting cash holdings and firm value: A recent evidence from ASEAN25 cited
  • 2021Environmental rule enforcement and cash holdings: Evidence from a natural experiment18 cited
  • 2024Judicial reform and corporate cash holdings: Evidence from the establishment of circuit courts in China17 cited
  • 2019Internal pyramid structure, contract enforcement, minority investor protection, and firms’ performance: Evidence from emerging economies16 cited
  • 2020Cash policy and the bank-firm relationship14 cited