The influence of product market dynamics on a firm's cash holdings and hedging behavior

By David Haushalter, Sandy Klasa, William F. Maxwell. 2007

487 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/91ec8d4c4cfe63481b6dfec63da4d2dc0186cce8

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Citations in the corpus

US political corruption and firm financial policies (2016, result): “I draw my controls from previous research on the determinants of cash holdings (e.g., Opler, Pinkowitz, Stulz, and Williamson, 1999; Haushalter, Klasa, and Maxwell, 2007; Bates, Kahle, and Stulz, 2009).”
Cash holdings and labor heterogeneity:the role of skilled labor (2017, unknown): “…rate (Klasa, Maxwell, and Ortiz-Molina 2009), product market characteristics, such as industry concentration and product market fluidity (Haushalter, Klasa, and Maxwell 2007; Hoberg, Phillips, and Prabhala 2014), refinancing risk (Harford, Klasa, and Maxwell 2014), and foreign tax…”
Firm Structure and Corporate Cash Holdings (2011, unknown): “…opportunities as in Opler et al. (1999) and to react to the underinvestment problem arising from financing related predation risk in imperfect product markets as in Haushalter et al. (2007), the imperfect correlation mentioned Journal of Corporate Finance 17 (2011) 759–773 ⁎ Corresponding author.”
Access to Liquidity and Corporate Investment in Europe during the Financial Crisis (2012, unknown): “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).”
Is the Risk of Product Market Predation a Cost of Disclosure (2016, background): “This intuition is supported by prior evidence that suggests that predation risk is higher when firms have more similar operations and share growth opportunities (Haushalter et al., 2007).”
Competition and the Cost of Debt (2012, unknown): “This risk of underinvestment, or predation risk, has implications for corporate financing and investment choices (Haushalter, Klasa, and Maxwell, 2007).”
Product market competition and debt choice (2018, background): “Furthermore, our study provides more insight into recent developments in the literature that focus on the impact of competition on firm financial policies, such as hedging decisions (Haushalter et al., 2007), leverage decisions and equity issuance (e.”
A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management (2011, background): “(see Haushalter, Klasa, and Maxwell (2007) and Harford (1999) for empirical evidence).”
Corporate cash holdings: Causes and consequences (2015, unknown): “…gives firms a competitive edge in their pursuit to either outperform their rivals in securing larger market shares (Bolton and Scharfstein (1990), undertaking new investment opportunities (Haushalter et al. (2007), or AC C EP TE D M AN U SC R IP T winning technological races (Qiu and Wan (2015).”
Corporate Suppliers and Customers and Accounting Conservatism (2012, unknown): “…of publicly-traded firms.12,13 Following prior work such as Kovenock and Phillips (1997), Mackay and Phillips (2005), Campello (2003, 2006), Haushalter et al. (2007), Klasa et al. (2009), and Ali et al. (2009, 2010), we assume that the U.S. Census industry concentration data are valid for…”
National Culture and Corporate Cash Holdings around the World (2015, background): “…(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, 2010); and (vii) the product market competitiveness motive (Haushalter et al., 2007; Fresard, 2010; Schroth and Szalay, 2010).”