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Determinants of corporate cash holding: evidence from UK listed firms
16 references·2 citing·33 second hop
Determinants of corporate cash holding: evidence from UK listed firms (2018)Determinants of corporate cash holding: e…Cash holdings in private firms (2011)Cash holdings in private firmsWhy Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…Corporate governance and firm cash holdings in the US (2007)Corporate governance and firm…Why Do U.S. Firms Hold so Much More Cash than They Used to? (2006)Why Do U.S. Firms Hold so Muc…Why Do Firms Hold Cash? Evidence from EMU Countries (2004)Why Do Firms Hold Cash? Evide…Corporate cash holdings: An empirical investigation of UK companies (2003)Corporate cash holdings: An e…Bank Power and Cash Holdings: Evidence from Japan (2001)Bank Power and Cash Holdings:…The determinants and implications of corporate cash holdings (1999)The determinants and implicat…The Determinants of Corporate Liquidity: Theory and Evidence (1998)The Determinants of Corporate…The Determinants and Implications of Corporate Cash Holdings (1997)The Determinants and Implicat…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…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 effect of cash holdings and corporate governance on firm value: Evidence from the Amman Stock Exchange (2021)The effect of cash holdings a…Corporate Cash Holdings and National Culture: Evidence from the Middle East and North Africa Region (2021)Corporate Cash Holdings and N…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Financial Development and Financing Constraints: International Evidence from the Structural Investment Model (2003)Financial Constraints, Investment, and the Value of Cash Holdings (2009)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Corporate Governance and Equity Prices (2003)Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Securitized banking and the run on repo (2011)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)What Matters in Corporate Governance? (2008)Corporate Immunity to the COVID-19 Pandemic (2020)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 2007Corporate governance and firm cash holdings in the US1,730 cited
  • 1998The Determinants of Corporate Liquidity: Theory and Evidence1,243 cited
  • 2003Corporate cash holdings: An empirical investigation of UK companies1,178 cited
  • 1997The Determinants and Implications of Corporate Cash Holdings1,052 cited
  • 2004Why Do Firms Hold Cash? Evidence from EMU Countries855 cited
  • 2006Why Do U.S. Firms Hold so Much More Cash than They Used to?353 cited
  • 2001Bank Power and Cash Holdings: Evidence from Japan

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332 cited
  • 2011Cash holdings in private firms329 cited
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    • 2021Corporate Cash Holdings and National Culture: Evidence from the Middle East and North Africa Region17 cited
    • 2021The effect of cash holdings and corporate governance on firm value: Evidence from the Amman Stock Exchange11 cited