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Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
16 references·16 citing·34 second hopsampled
Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies (2005)Is Cash Negative Debt? A Hedging Perspect…Corporate Financial Policy and the Value of Cash (2006)Corporate Financial Policy an…The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …International Corporate Governance and Corporate Cash Holdings (2003)International Corporate Gover…Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Testing the pecking order theory of capital structure (2002)Testing the pecking order the…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…How Big Are the Tax Benefits of Debt? (2000)How Big Are the Tax Benefits …The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Corporate Cash Reserves and Acquisitions (1999)Corporate Cash Reserves and A…Agency Costs, Risk Management, and Capital Structure (1998)Agency Costs, Risk Management…Financial Intermediation, Loanable Funds, and The Real Sector (1997)Financial Intermediation, Loa…Capital-Market Imperfections and Investment (1997)Capital-Market Imperfections …Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data (1992)Debt, Liquidity Constraints, …Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Determinants of corporate borrowing (1977)Determinants of corporate bor…The Capital Structure Puzzle: What Are We Missing? (2022)The Capital Structure Puzzle:…Leverage dynamics over the business cycle (2016)Leverage dynamics over the bu…Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking (2015)Sharing Risk with the Governm…Credit lines and leverage adjustments (2014)Credit lines and leverage adj…Firms as Liquidity Providers: Evidence from the 2007-2008 Financial Crisis (2012)Firms as Liquidity Providers:…Credit Lines as Monitored Liquidity Insurance: Theory and Evidence (2012)Credit Lines as Monitored Liq…Financing Constraints and the Cost of Capital: Evidence from the Funding of Corporate Pension Plans (2011)Financing Constraints and the…The Dynamics of Cash (2010)The Dynamics of CashCash Holdings, Firm Size and Access to External Finance - Evidence for the Euro Area (2010)Cash Holdings, Firm Size and …Aggregate Risk and the Choice between Cash and Lines of Credit (2010)Aggregate Risk and the Choice…CEOs vs. CFOs: Incentives and Corporate Policies (2009)CEOs vs. CFOs: Incentives and…Determinants of corporate cash holdings: Evidence from spin-offs (2008)Determinants of corporate cas…Financial Constraints, Competition, and Hedging in Industry Equilibrium (2007)Financial Constraints, Compet…Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble (2007)Do Stock Prices Influence Cor…Risk Shifting Versus Risk Management: Investment Policy in Corporate Pension Plans (2006)Risk Shifting Versus Risk Man…Corporate Financial and Investment Policies when Future Financing is Not Frictionless (2006)Corporate Financial and Inves…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)Financial Intermediation and Delegated Monitoring (1984)Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt (1991)Credit Cycles (1997)Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking (2001)Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Credit Rationing in Markets with Imperfect Information (1981)Agency costs of free cash flow, corporate finance, and takeovers (1996)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Corporate financing and investment decisions when firms have information that investors do not have (1984)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)Risk, Return, and Equilibrium: Empirical Tests (1973)Partial adjustment toward target capital structures (2005)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Econometric Analysis of Panel Data (2021)Common risk factors in the returns on stocks and bonds (1993)Market Timing and Capital Structure (2002)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)The General Theory of Employment, Interest and Money. (1936)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)CEO Overconfidence and Corporate Investment (2005)Corporate social responsibility and access to finance (2013)
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 1997Financial Intermediation, Loanable Funds, and The Real Sector3,910 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 2002Testing the pecking order theory of capital structure2,642 cited
  • 1997Capital-Market Imperfections and Investment2,600 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 cited
  • 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data1,686 cited
  • 2006Corporate Financial Policy and the Value of Cash1,642 cited
  • 2003International Corporate Governance and Corporate Cash Holdings1,636 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 2000

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How Big Are the Tax Benefits of Debt?
1,483 cited

Cited by

  • 2011Financing Constraints and the Cost of Capital: Evidence from the Funding of Corporate Pension Plans197 cited
  • 2016Leverage dynamics over the business cycle168 cited
  • 2008Determinants of corporate cash holdings: Evidence from spin-offs163 cited
  • 2007Financial Constraints, Competition, and Hedging in Industry Equilibrium161 cited
  • 2010Aggregate Risk and the Choice between Cash and Lines of Credit129 cited
  • 2006Risk Shifting Versus Risk Management: Investment Policy in Corporate Pension Plans118 cited
  • 2012Firms as Liquidity Providers: Evidence from the 2007-2008 Financial Crisis112 cited
  • 2006Corporate Financial and Investment Policies when Future Financing is Not Frictionless108 cited
  • 2015Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking89 cited
  • 2007Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble84 cited
  • 2012Credit Lines as Monitored Liquidity Insurance: Theory and Evidence80 cited
  • 2022The Capital Structure Puzzle: What Are We Missing?75 cited
  • 2009CEOs vs. CFOs: Incentives and Corporate Policies74 cited
  • 2010The Dynamics of Cash74 cited
  • 2010Cash Holdings, Firm Size and Access to External Finance - Evidence for the Euro Area65 cited
  • 2014Credit lines and leverage adjustments64 cited