The Corporate Propensity to Save

By L. A. Riddick, Toni M. Whited. 2009

693 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b53b6c5f284ea4294a8891125793d48d91982fac

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Citations in the corpus

Market Timing, Investment, and Risk Management (2012, neutral): “Second, in a model with persistent productivity shocks (as in Riddick and Whited (2009)), when expected future productivity falls, the firm will cut investment and the cash saved could also result in a rise in its cash holding.”
Equity Market Misvaluation, Financing, and Investment (2015, background): “It is straightforward to show that (20) satisfies the conditions in Stokey and Lucas (1989) that are necessary for the existence and uniqueness of a solution.”
Capital Structure Dynamics and Transitory Debt (2011, background): “also treat investment as endogenous, as do Riddick and Whited (2008),”
Capital Supply Uncertainty, Cash Holdings, and Investment (2014, methodology): “…and external funds to finance investment in our model, investment is financed exclusively with internal funds in BCW. Lastly, our model shares some of its objectives with the discrete-time models of Riddick and Whited (2009), Eisfeldt and Muir (2013), and Falato, Kadhyrzanova, and Sim (2013).”
What Drives Corporate Liquidity? An International Survey of Cash Holdings and Lines of Credit (2010, positive): “…model [see also Acharya, Almeida, and Campello (2007), who propose a hedging explanation for why firms would rather save cash than retire debt, and Riddick and Whited (2009) whose model implies higher cash holdings for firms with a higher cost of external finance and greater income uncertainty].”
Excess Cash and Stock Returns (2010, neutral): “Sloan (1996) studies the link between accruals and future returns.”
Do Acquisitions Relieve Target Firms’ Financial Constraints? (2013, neutral): “However, this approach too is not without its critics; see Riddick and Whited (2009). structural model of investment to create the “WW Index”.”
Cash Flow Sensitivities and the Allocation of Internal Cash Flow (2014, background): “While the coefficients of both components of cash flow satisfy the Fazzari, Hubbard, and Petersen (1988), Kaplan and Zingales (1997), Cleary (1999), Erickson and Whited (2000), Almeida, Campello, and Weisbach (2004), and Riddick and Whited (2009).”
A theory of corporate financial decisions with liquidity and solvency concerns (2011, neutral): “However, the direction of the sensitivity and the reasoning behind it are unsettled (see Riddick and Whited, 2009).1 The prevailing evidence indicates that corporate cash serves mainly as a buffer against adverse cash flow shocks.”
Investment, Idiosyncratic Risk, and Ownership (2011, neutral): “See Ross (2004) for a formal treatment.”