Financial Development and the Cash Flow Sensitivity of Cash

By Inder K. Khurana, Xiumin Martin, Raynolde Pereira. Journal of Financial and Quantitative Analysis, 2006

283 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/644ce7731003dd0cf6c0822207103c40de4f50fe

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Citations in the corpus

The determinants of corporate cash management policies: Evidence from around the world (2011, methodology): “The study that is closest to ours is Khurana et al. (2006). They examine the effect of financial development on the cash-cash flow sensitivity in an international setting and document evidence that is consistent with the hypothesis that the cash-cash flow sensitivity is negatively related to the deg”
Corporate cash holdings: Causes and consequences (2015, unknown): “From an international perspective, Khurana et al. (2006) examine the influence of a country's financial development on firms' financial constraints and find that financial development increases firms' access to capital and lowers their demand for precautionary cash which is associated with a…”
Why Does the Law Matter? Investor Protection and Its Effects on Investment, Finance, and Growth (2012, unknown): “The results in the Internet Appendix 19 This interpretation is also consistent with Khurana, Martin, and Periera (2006), who find that cash flow more strongly predicts increases in cash savings in countries with less financial development.”
Dividend policy, creditor rights, and the agency costs of debt. (2009, background): “In their survey article, Denis and McConnell (2003) identify La Porta, Lopez-de-Silanes, Shleifer, and Vishny (1998) study as the beginning of a new generation of research in international corporate governance.”
Trade Credit Provision and National Culture (2016, unknown): “…of international differences in corporate cashing holdings (e.g., Dittmar et al., 2003; Ferreira and Vilela, 2004; Kalcheva and Lins, 2007; Khurana et al., 2006; Kusnadi and Wei, 2011; Lins et al., 2010; Pinkowitz et al., 2003; Pinkowitz et al., 2013) which in 2012 amounted to $US 5.5…”
National Culture and Corporate Cash Holdings around the World (2015, background): “…Dittmar and Mahrt-Smith, 2007; Harford et al., 2008; Harford, 1999; Gao et al., 2013); (iv) the financial constraint motive (Almeida et al., 2004; Khurana et al., 2006; Han and Qiu, 2007; Denis and Sibilkov, 2010); (v) the tax motive (Foley et al., 2007); (vi) the diversification motive (Duchin,…”
A theory of corporate financial decisions with liquidity and solvency concerns (2011, unknown): “Consequently, any necessary funds 9 Khurana, Martin, and Pereira (2006) and Sufi (2009) find further supporting evidence.”