Bank Power and Cash Holdings: Evidence from Japan

By Lee Pinkowitz, Rohan Williamson. 2001

353 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/34598cba6936edcc9751e84987ed9f70cbda24fb

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Citations in the corpus

Corporate cash holding and firm value (2013, methodology): “…with papers like Kim et al. (1998), or Opler et al (2001), which employ a panel of US industrial firms to study determinants of cash holding, and Pinkowitz and Williamson (2001), who use a sample of industrial firms from US, Germany and Japan to study the effect of bank power on cash holdings,…”
Access to Liquidity and Corporate Investment in Europe during the Financial Crisis (2012, neutral): “A partial list of papers includes Kim, Mauer, and Sherman (1998), Opler et al. (1999), Pinkowitz and Williamson (2001), Mikkelson and Partch (2003), Almeida, Campello, and Weisbach (2004), Faulkender and Wang (2006), and Haushalter, Klasa, and Maxwell (2007).”
International Evidence on the Non-Linear Impact of Leverage on Corporate Cash Holdings (2007, background): “Higher corporate cash holdings in Japan is explained by the incentives of banks to act at the expense of non-bank firms by encouraging them to hold relatively high levels of cash (Pinkowitz and Williamson, 2001).”
Liquidity Management and Corporate Investment During a Financial Crisis (2011, neutral): “We also discuss the related empirical literature.”
Does the board of directors affect cash holdings? A study of French listed firms (2013, neutral): “Pinkowitz and Williamson (2001) find that firms that are in a position to obtain credit from banks and thus have fewer financial constraints display lower levels of cash holdings.”
Long-Term Effects of a Financial Crisis: Evidence from Cash Holdings of East Asian Firms (2012, background): “Pinkowitz and Williamson (2001) investigate why Japanese firms hold twice as much cash holdings as U.S. and German firms.”
Corporate cash holdings: Causes and consequences (2015, neutral): “The impact of institutional factors on the relationship between cash holdings and debt is also examined in the cross-country study of Pinkowitz and Williamson (2001).”
Corporate cash holding and firm value (2010, methodology): “With this, we follow Tong ́s (2008) methodology to analyze the relation between deviations from optimal cash holdings and firm value. Tong (2008) develops that methodology to study the relation between deviations on either side of optimal CEO ownership and firm value.”