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The adverse selection effect of corporate cash reserve: Evidence from acquisitions solely financed by stock
16 references·13 citing·26 second hop
The adverse selection effect of corporate cash reserve: Evidence from acquisitions solely financed by stock (2011)The adverse selection effect of corporate…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)Disappearing dividends: chang…The determinants and implications of corporate cash holdings (1999)The determinants and implicat…The Theory of Capital Structure (1991)The Theory of Capital Structu…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…The Capital Structure Puzzle (1984)The Capital Structure PuzzleThe Capital Structure Puzzle (1984)The Capital Structure PuzzleCorporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The market for corporate control (1983)The market for corporate cont…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The General Theory of Employment (1937)The General Theory of Employm…Board gender diversity and acquisition choices (2023)Board gender diversity and ac…Is sustainability rating material to the market? (2022)Is sustainability rating mate…The Communist Party Committee and corporate takeovers (2021)The Communist Party Committee…Top-tier financial advisors, expropriation and Chinese mergers & acquisitions (2018)Top-tier financial advisors, …Corporate social responsibility and seasoned equity offerings (2018)Corporate social responsibili…Board connections and management commentary readability: the role of information sharing in Italy (2017)Board connections and managem…Voluntary disclosure of corporate venture capital investments (2016)Voluntary disclosure of corpo…The financing of Chinese outbound mergers and acquisitions: Is there a distortion between state-owned enterprises and privately owned enterprises? (2016)The financing of Chinese outb…All in the family: The effect of family ownership on acquisition performance (2016)All in the family: The effect…Role of industry relatedness in performance of Indian acquirers—Long and short run effects (2014)Role of industry relatedness …Do cash stockpiles fuel cash acquisitions? (2013)Do cash stockpiles fuel cash …Impact of cash holdings and ownership concentration on firm valuation (2012)Impact of cash holdings and o…EFFICIENT MECHANISMS FOR MERGERS AND ACQUISITIONS* (2007)EFFICIENT MECHANISMS FOR MERG…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)A Survey of Corporate Governance (1997)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)Risk, Return, and Equilibrium: Empirical Tests (1973)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Does the Stock Market Overreact? (1985)Noise Trader Risk in Financial Markets (1990)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firms, Contracts, and Financial Structure (1995)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)
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References

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  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
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  • 1985Dividend Policy under Asymmetric Information3,459 cited
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  • 2001Disappearing dividends: changing firm characteristics or lower propensity to pay?3,039 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?

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Cited by

  • 2018Corporate social responsibility and seasoned equity offerings81 cited
  • 2013Do cash stockpiles fuel cash acquisitions?50 cited
  • 2016Voluntary disclosure of corporate venture capital investments42 cited
  • 2007EFFICIENT MECHANISMS FOR MERGERS AND ACQUISITIONS*42 cited
  • 2017Board connections and management commentary readability: the role of information sharing in Italy38 cited
  • 2016All in the family: The effect of family ownership on acquisition performance37 cited
  • 2022Is sustainability rating material to the market?32 cited
  • 2021The Communist Party Committee and corporate takeovers29 cited
  • 2016The financing of Chinese outbound mergers and acquisitions: Is there a distortion between state-owned enterprises and privately owned enterprises?29 cited
  • 2014Role of industry relatedness in performance of Indian acquirers—Long and short run effects23 cited
  • 2012Impact of cash holdings and ownership concentration on firm valuation22 cited
  • 2018Top-tier financial advisors, expropriation and Chinese mergers & acquisitions17 cited
  • 2023Board gender diversity and acquisition choices16 cited