1 |
Michael Jensen, "Agency cost of free cash flow, corporate finance, and takeovers", American Economic Review, 76(2), pp.323-329, 1986.
|
2 |
Myers S. and Majluf, "Corporate Financing and investment decisions when firms have information that investors do not have", Journal of Financial economics, 13, pp.187-221, 1984.
DOI
|
3 |
Pinkowitz, Lee and Rohan Williamson, "What is a dollar worth? The market value of cash holdings", working paper, Georgetown University, 2004.
|
4 |
Thomas Bates, Kathleen M. Kahle, and Rene Stulz, "Why do U.S firms Hold so much more Cash than they used to?", The Journal of Finance, 64, pp.1985-2021, 2009.
DOI
|
5 |
Tim Opler, Lee Pinkowitz, Rene Stulz, and Rohan Williamson, "The determinants and implications of corporate cash holdings", Journal of Financial Economics, 52, pp.3-46, 1999.
DOI
|
6 |
Chang-Soo Kim, David C. Mauer, and Ann E. Sherman, "The Determinants of Corporate Liquidity: Theory and Evidence", Journal of Financial and Quantitative Analysis, 33(3), pp.335-359, 1998.
DOI
|
7 |
Cleary, Sean, "The Relationship between firm investment and Financial status", Journal of Finance, 54, pp.673-692, 1999.
DOI
|
8 |
Faulkender Michael and Rong Wang, "Corporate financial policy and the Value of Cash", Journal of Finance, 61,pp.1957-1980, 2006.
DOI
|
9 |
Denis, David J, and Valeriy Sibilkov, "Financial constraints, Investment, and the Value of Cash Holdings", The Review of Financial Studies, pp.1-23, 2010.
|
10 |
Ditmar, A Mahrt-Smith, and Servae, "International Corporate Governance and Corporate Cash Holdings", Journal of Financial and Quantative Analysis, 38, pp.111-133, 2003.
DOI
|
11 |
Fazzari, Hubbard and Bruce Petersen, "Financing Constraints and corporate investment", Brookings papers on Economic Activity, pp.41-95, 1988.
|
12 |
Fazzari Hubbard and Bruce Petersen, "Working capital and fixed investment: New evidence on Financing constraints", Rand Journal of Economics 24(3), pp.328-342, 1993.
DOI
|
13 |
Kaplan S and L. Zingales, "Do financing constraints explain why investment is correlated with cash flow?", Quarterly Journal of Economics, 112, pp.169-215, 1997
DOI
|
14 |
Kooyul Jung, Byungmo Kim, "Corporate Cash Holdings and Tax-induced Debt Financing", Asian-Pacific Journal of Financial Studies 37(6), pp.983-1023, 2008.
DOI
|
15 |
Lang. L, Ofek, and Rene Stultz, "Leverage, investment and Firm Growth", Journal of Financial Economics, 40, pp.3-29, 1996
DOI
|
16 |
Merton H. Miller and Daniel Orr, "A Model of the demand for money by firms", Quarterly Journal of Economics, pp.413-435, 1966.
|
17 |
강태수 서유정, "최근의 기업투자와 현금흐름간 관계분석", 금융경제연구 245, 한국은행, 2006.
|
18 |
김병기, "투자-현금흐름 민감도에 영향을 미치는 요인에 관한 연구", 재무연구, 제15권, 제1호 79-108, 2002.
|
19 |
공명재, "현금흐름변수가 상장제조기업의 투자에 미치는 영향에 관한 연구- 총자산규모에 따른 분석", 재무연구, 제12호 pp.1-28, 1996.
|
20 |
공재식, "우리나라 기업의 현금보유수요 결정요인 분석", 재무연구, 제19권 제1호 pp.1-41, 2006.
|
21 |
박광우 박래수 윤석헌, "자본시장 접근성 차이에 따른 투자-현금흐름 민감도분석", 한국은행 금융경제연구원 경제분석, 제13권, 제1호, 2007.
|
22 |
임경묵 최용석, "기업의 현금보유 패턴변화 및 결정요인에 대한 연구", KDI 정책연구 시리즈 2006-11, 2006.
|
23 |
한중호, "한국제조업의 현금보유와 재무제약", 한국경제연구학회, 12호, 23권, 2008.
|
24 |
Almeida, Heitor, Murillo Campello, and Michael S.Weisbach, "The Cash Flow Sensitivity of Cash", Journal of Finance, 59, pp.1777-1804, 2004.
DOI
|
25 |
Almeida, Heitor, and Murillo Campello, "Financial constraints, Asset tangibility, and Corporate investment", The Review of Financial Studies, 20, pp.1429-1460, 2007
DOI
|
26 |
Arslan, O. C. Florackis and A. Ozkan, "The role of cash holdings in reducing investment-cash flow sensitivity: Evidence from a financial crisis period in an emerging market", Emerging Markets Review, 7, pp.320-338, 2006
DOI
|
27 |
Bernadette A. Minton and Catherine Schrand, "The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing", Journal of Financial Economics, 54, pp.423-460, 1999.
DOI
|