Determinants of Investment Cash Flow Sensitivity

By Gayané Hovakimian. 2009

203 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f8fcaee8f4a37fdf8c2be136354e0513c694e0b3

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Xiaoqiu Song
2. Lutao Ning
3. Jing‐Ming Kuo

In Strategy and Management

1. Jing‐Ming Kuo
2. Xiaoqiu Song
3. Lutao Ning

Citations in the corpus

• Investment and Financing Constraints in China: Does Working Capital Management Make a Difference? (2013, unknown): “To account for this heterogeneity, in this section we follow the methodology introduced by Hovakimian and Hovakimian (2009) to calculate firm-level sensitivities of investment in both fixed and working capital to cash flow.”
• Excess Cash and Stock Returns (2010, unknown): “Jegadeesh and Titman (1993), Titman, Wei, and Xie (2004), and Daniel and Titman (2006), among others, investigate the relationship between future returns and investment, momentum, and share issuance, respectively.”
• The Real and Accrual-based Earnings Management Behaviors: Evidence from the Split Share Structure Reform in China (2014, background): “…reflects the decline in shares held by the controlling shareholders as they sell their NTS after the reform.12 The mean of STATE in the 11 Following Hovakimian (2009), we exclude the financial industry as investment in the form of capital assets varies significantly between financial and other…”
• Restraining Overconfident CEOs through Improved Governance: Evidence from the Sarbanes-Oxley Act (2015, unknown): “This type of investment-cash-flow sensitivity model has been widely studied in the literature (see e.g., Agca and Mozumdar, 2008; Almeida et al., 2004; Brown and Petersen, 2009; Fazzari et al., 1988, 2000; Hovakimian, 2009).”
• Corporate governance and investment-cash flow sensitivity: Evidence from emerging markets (2013, unknown): “…and other developed countries (e.g., Almeida and Campello, 2007; Brown and Petersen, 2009; Cho, 1998; Degryse and de Jong, 2006; Goergen and Renneboog, 2001; Hadlock, 1998; Hovakimian, 2009; Kathuria and Mueller, 1995; queryAgca and Mozumdar, 2008; Schaller, 1993; Shin and Park, 1999; Vogt, 1994).”