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Financial constraints, real options and corporate cash holdings
16 references·1 citing·32 second hop
Financial constraints, real options and corporate cash holdings (2011)Financial constraints, real options and c…Financial Constraints, Investment, and the Value of Cash Holdings (2009)Financial Constraints, Invest…Corporate governance and firm cash holdings in the US (2007)Corporate governance and firm…Financial Constraints Risk (2006)Financial Constraints RiskCorporate governance and the value of cash holdings (2006)Corporate governance and the …The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …International Corporate Governance and Corporate Cash Holdings (2003)International Corporate Gover…The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Corporate Cash Reserves and Acquisitions (1999)Corporate Cash Reserves and A…The Determinants of Corporate Liquidity: Theory and Evidence (1998)The Determinants of Corporate…Legal Determinants of External Finance (1997)Legal Determinants of Externa…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Real Options: Managerial Flexibility and Strategy in Resource Allocation (1996)Real Options: Managerial Flex…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 information that investors do not have (1984)Corporate financing and inves…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Determinants of Corporate Cash Holdings: Evidence from MNCs in Pakistan (2018)Determinants of Corporate Cas…What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)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)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Corporate social responsibility and access to finance (2013)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)Financing Constraints and Corporate Investment (1988)Common risk factors in the returns on stocks and bonds (1993)… and the Cross-Section of Expected Returns (2015)Policy Uncertainty and Corporate Investment (2015)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The General Theory of Employment, Interest and Money. (1936)The theory and practice of corporate finance: evidence from the field (2001)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Falling Forward: Real Options Reasoning and Entrepreneurial Failure (1999)Shaping the Next One Hundred Years: New Methods for Quantitative, Long-Term Policy Analysis (2003)Stakeholder influence capacity and the variability of financial returns to corporate social responsibility (2007)
this work references cited by second hop

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
  • 1997Legal Determinants of External Finance9,776 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2006Financial Constraints Risk3,702 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 1996Real Options: Managerial Flexibility and Strategy in Resource Allocation2,224 cited
  • 2006Corporate governance and the value of cash holdings2,135 cited
  • 1999Corporate Cash Reserves and Acquisitions2,066 cited
  • 2007Corporate governance and firm cash holdings in the US1,730 cited
  • 2003International Corporate Governance and Corporate Cash Holdings1,636 cited
  • 2009Financial Constraints, Investment, and the Value of Cash Holdings1,382 cited

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  • 1998The Determinants of Corporate Liquidity: Theory and Evidence1,243 cited
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    • 2018Determinants of Corporate Cash Holdings: Evidence from MNCs in Pakistan15 cited