Corporate governance and firm cash holdings in the US

By Jarrad Harford, Sattar A. Mansi, William F. Maxwell. 2008

1,686 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8331113efde835d7c1fc7850550e77295d1b8a74

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Citations in the corpus

Corporate Acquisitions, Diversification, and the Firm's Life Cycle: Corporate Acquisitions, Diversification, and the Firm's Life Cycle (2012, positive): “Following Jensen (1986), the literature has highlighted the agency costs of high cash holdings and finds that firms with high cash holdings are more likely to acquire (e.g., Harford, Mansi, and Maxwell (2008)).”
Determinants of corporate cash holdings: evidence from the emerging market of Turkey (2014, background): “The wide variability in cash level among firms in the various countries may be attributable to several reasons, such as corporate governance (Dittmar et al., 2003; Dittmar and Mahrt-Smith, 2007; Chen, 2008; Kuan et al., 2011), multinationality (Ramírez and Tadesse, 2009) and firm-specific variables.”
The Influence of Governance on Investment: Evidence from a Hazard Model (2011, background): “…results documented across studies using tests based on investment levels (conflicting results in Bøhren et al. (2007) and the (noted above) non-robust results in Harford et al. (2008) and Richardson (2006)), adding information based on the intertemporal pattern of investment is likely to be useful.”
The Determinants of REIT Cash Holdings (2009, background): “cash literature: Dittmar and Mahrt-Smith (2007), Faulkender and Wang (2006), Harford (1999), Harford et al. (2008) , Mikkelson and Partch (2003), and Pinkowitz et al. (2006).”
Determinants of Corporate Cash Policy: Insights from Private Firms (2013, positive): “…surge of papers including Opler, Pinkowitz, Stulz, and Williamson (1999), Dittmar and Mahrt-Smith (2007), Foley, Hartzell, Titman, and Twite (2007), Harford, Mansi, and Maxwell (2008), Bates, Kahle, and Stulz (2009), Nikolov and Whited (2011), and Dittmar and Duchin (2012) examining determinants…”
The Impact of Working Capital Management on Firm Profitability in Different Business Cycles: Evidence from Finland (2014, background): “Other studies show that firms with 8 weaker corporate governance structures hold smaller cash reserves (Harford, Mansi, and Maxwell 2008).”
Peer Choice in CEO Compensation (2012, positive): “We follow the literature in our choice of measures of weak governance or self-serving behavior (e.g., Core et al., 1999; Dittmar and Mahrt-Smith, 2007; Masulis et al., 2007; Harford et al., 2008).”