Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash

By Lee Pinkowitz, René M. Stulz, Rohan Williamson. 2003

209 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/63cfdf72b3051a5f9d2eec675b71d4c7489c3dc4

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In Accounting

1. Yilmaz Guney
2. Tsung-Han Kuan
3. Chu‐Shiu Li
4. S. Chu
5. Aydin Ozkan
6. Neslihan Ozkan
7. P. Brockman
8. Emre Unlu

In Finance

1. Tsung-Han Kuan
2. S. Chu
3. P. Brockman
4. Neslihan Ozkan
5. Chu‐Shiu Li
6. Aydin Ozkan
7. Emre Unlu
8. Yilmaz Guney

Citations in the corpus

• Why Has the Value of Cash Increased Over Time? (2018, unknown): “Our empirical approach largely follows Opler, Pinkowitz, Stulz, and Williamson (1999) and Bates et al. (2009) in considering the following as potential determinants of the secular variation in the value of cash: R&D (RD).”
• Cash holdings and corporate governance in family-controlled firms☆ (2011, background): “Empirical literature focuses a great deal of attention on the determinants of corporate cash holdings and the existence of an optimal level of cash holdings (Bates et al., 2006; Chen and Chuang, 2008; Harford et al., 2008; Kim et al., 1998; Opler et al., 1999; Ozkan and Ozkan, 2004; Pinkowitz et al.”
• Determinants of Corporate Cash Policy: Insights from Private Firms (2013, unknown): “A number of recent papers by Dittmar, Mahrt-Smith, and Servaes (2003), Pinkowitz, Stulz, and Williamson (2006), Dittmar and Mahrt-Smith (2007), and Harford, Mansi, and Maxwell (2008) have provided support for the agency perspective of corporate cash policies: Excess cash reserves aggravate agency…”
• International Evidence on the Non-Linear Impact of Leverage on Corporate Cash Holdings (2007, background): “Prior studies document a positive and 1 Pinkowitz et al. (2003) and Kalcheva and Lins (2003) also find that corporate governance has an impact on firms’ cash holdings using a cross country sample.”
• Dividend policy, creditor rights, and the agency costs of debt. (2009, methodology): “Following previous studies (Pinkowitz, Stulz, and Williamson, 2003; Dittmar, Mahrt-Smith, and Servaes, 2006), we use Fama and French (1998) empirical specification to model the market value of equity.”
• The taxman cometh: Does tax uncertainty affect corporate cash holdings? (2017, unknown): “2003), cash is worth less when agency problems are more severe (Faulkender and Wang 2006; Dittmar and Mahrt-Smith 2007; Pinkowitz et al. 2006), and firms with excess cash invest in more acquisitions and those”
• Financial Development and the Cash Flow Sensitivity of Cash (2006, unknown): “12 country and fixed effects, our analysis follows the spirit of the approach pioneered by Rajan and Zingales (1998). Rajan and Zingales (1998, p.”