Firm Value, Risk, and Growth Opportunities

By Hyun-Han Shin, René M. Stulz. 2000

214 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/aa62f7eb827c1bb3698fa4d31493686571dafc5b

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Citations in the corpus

Corporate cash holding and firm value (2013, background): “One explanation might be that firms with more growth opportunities could face higher specific risk (Cao et al., 2008), and, as Shin and Stulz (2000) state, Tobin’s Q falls with the firm’s unsystematic risk, showing that investment opportunities do not mitigate the adverse impact of increase of risk…”
Empirical evidence on corporate governance in Europe: The effect on stock returns, firm value and performance (2004, unknown): “Secondly, as shown for example by Jensen and Meckling (1976), better-governed ﬁrms might have more efﬁcient operations, resulting in a higher expected future cash-ﬂow stream.”
Growth, Corporate Profitability, and Value Creation (2002, methodology): “…We briefly describe the company characteristics used as control variables and refer readers to the following papers for additional details and justifications for their use: Philips (1999), Campbell and Shiller (1998), Shin and Stulz (2000), and Opler, Pinkowitz, Stulz, and Williamson (1999).”
Corporate Governance and Regulation: Can There Be Too Much of a Good Thing? (2007, unknown): “Small companies may have better growth opportunities, reflected in higher valuation (Shin and Stulz, 2000).”
Are Busy Boards Effective Monitors (2006, unknown): “This calculation closely follows that of Smith and Watts (1992). The regressions control for corporate governance and financial characteristics likely to affect firm performance.”
What is a Dollar Worth? The Market Value of Cash Holdings (2002, methodology): “Given the prior literature and discussion, it seems reasonable to expect cross-sectional differences in the market value of cash holdings. We hypothesize that the value shareholders place on the liquid assets of a firm will be a function of certain firm characteristics. Specifically, the value of ca”