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Why Do Innovative Firms Hold So Much Cash? Evidence from Changes in State R&D Tax Credits
16 references·3 citing·42 second hop
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References

  • 1998Initial conditions and moment restrictions in dynamic panel data models22,547 cited
  • 1995Initial conditions and moment restrictions in dynamic panel data models14,749 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1981Biases in Dynamic Models with Fixed Effects8,724 cited
  • 1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
  • 2006Financial Constraints Risk3,702 cited
  • 1995The New Issues Puzzle3,550 cited
  • 2001The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools3,537 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2007Boards: Does one size fit all☆3,088 cited
  • 1992Liquidation Values and Debt Capacity: A Market Equilibrium Approach2,901 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 2006Corporate governance and the value of cash holdings2,135 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 cited
  • 2005Partial adjustment toward target capital structures2,038 cited
  • 2008

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Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure
1,846 cited

Cited by

  • 2011Why are Most Firms Privately Held?19 cited
  • 2022Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors18 cited
  • 2020Inflation, Unemployment, and Economic Growth in a Schumpeterian Economy*17 cited