Capital Supply Uncertainty, Cash Holdings, and Investment
By Julien Hugonnier, Semyon Malamud, Erwan Morellec. 2014
178 citations recorded by the source corpus.
Subfields: Accounting, Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/b04db47de29f6ed68115b7a00165685bc1863eff
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Citations in the corpus
- Feedback effects of credit ratings (2013, methodology): “In some models, such as Black and Cox (1976), Fischer, Heinkel, and Zechner (1989), Leland (1994), Leland and Toft (1996), Duffie and Lando (2001), He and Xiong (2011), and Hugonnier, Malamud, and Morellec (2011) default is an endogenous decision of the firm.”
- Bank Capital, Liquid Reserves, and Insolvency Risk (2017, unknown): “Liquidation costs are set to φ = 20%, based on the estimates of James (1991) and Flannery (2011) for risky assets in banks.”
- Market Timing, Investment, and Risk Management (2012, unknown): “Finally, in contemporaneous work, Hugonnier, Malamud, and Morellec (2012) also develop a dynamic model with stochastic financing conditions.”
- Precautionary Savings with Risky Assets: When Cash Is Not Cash (2016, unknown): “Our framework extends the standard cash model as in Kim et al. (1998), Duchin (2010), Almeida et al.”