create a website

Liquidity Effects of Litigation Risk: Evidence from a Legal Shock. (2023). Oliviero, Tommaso ; Park, Min ; Zou, Hong.
In: CSEF Working Papers.
RePEc:sef:csefwp:623.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 32

References cited by this document

Cocites: 59

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. The effect of ex ante litigation risk on corporate fraud: Evidence from securities class action act in Korea. (2024). Gam, Yong Kyu ; Kim, Yong Hyuck ; Choi, Seungho ; Shin, Hojong.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:64:y:2024:i:c:s1544612324004756.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Acharya, V.V., Almeida, H., Ippolito, F., Perez, A., 2014. Bank lines of credit as contingent liquidity: A study of covenant violations and their implications. ECB Working Paper.

  2. Almeida, H., Campello, M. and Weisbach, M.S., 2004. The cash flow sensitivity of cash. Journal of Finance, 59(4), 1777–1804.

  3. Almeida, H., Campello, M., Cunha, I., Weisbach, M.S., 2014. Corporate liquidity management: A conceptual framework and survey. Annual Review of Financial Economics 6, 135-162.

  4. Arena, M., Julio, B., 2015. The effects of securities class action litigation on corporate liquidity and investment policy. Journal of Financial and Quantitative Analysis 50, 251–275.

  5. Bates, T.N., Kahle, K.M., Stulz, R.M., 2009. Why do U.S. firms hold so much more cash than they used to? Journal of Finance 64, 1985–2021.

  6. Bolton, P., Chen, H., Wang, N., 2011. A unified theory of Tobin’s Q, corporate investment, financing and risk management. Journal of Finance 66, 1545–1578.
    Paper not yet in RePEc: Add citation now
  7. Campello, M., Giambona, E., Graham, J.R., Harvey, C.R., 2011. Liquidity management and corporate investment during a financial crisis. Review of Financial Studies 24, 1944–1979.

  8. Chalmers, J., Dann, L., Harford, J., 2002. Managerial opportunism? Evidence from directors’ and officers’ insurance purchases. Journal of Finance 57, 609–636.
    Paper not yet in RePEc: Add citation now
  9. Chung, D.H., 2004. Introduction to South Korea’s new securities-related class action. Journal of Corporation Law 30, 165–180.
    Paper not yet in RePEc: Add citation now
  10. Crane, A.D., 2011. The litigation environment of a firm and its impact on financial policy. Working Paper, Rice University.
    Paper not yet in RePEc: Add citation now
  11. Dittmar, A., Mahrt-Smith, J., 2007. Corporate governance and the value of cash holdings. Journal of Financial Economics 83, 599-634.

  12. Dittmar, A., Mahrt-Smith, J., Servaes, H., 2003. International corporate governance and corporate cash holdings. Journal of Financial Quantitative Analysis 38, 111–133.

  13. Donelson, D.C., Kettell, L., McInnis, J., Toynbee, S., 2021. The need to validate exogenous shocks: Shareholder derivative litigation, universal demand laws and firm behavior. Journal of Accounting and Economics, 101427.

  14. Fang, V.W., Tian, X., Tice, S., 2014. Does stock liquidity enhance or impede firm innovation? Journal of Finance 69, 2085–2125.

  15. Gande, A., Lewis, C.M., 2009. Shareholder-initiated class action lawsuits: Shareholder wealth effects and industry spillovers. Journal of Financial and Quantitative Analysis 44, 823–850.

  16. Grinstein, Y., Rossi, S., 2016. Good monitoring, bad Monitoring. Review of Finance 20, 1719-1768.

  17. Hadlock, C.J., Sonti, R., 2012. Financial strength and product market competition: Evidence from asbestos litigation. Journal of Financial and Quantitative Analysis 47, 179–211.

  18. Han, S., Qiu, J., 2007. Corporate precautionary cash holdings. Journal of Corporate Finance 13, 43–57.

  19. Harford, J., Mansi, S., Maxwell, W., 2008. Corporate governance and firm cash holdings in the US. Journal of Financial Economics 87, 535–555.

  20. Huang, Z.B., 2017. Managing bank run risk: The perils of discretion. Working Paper, Princeton University.
    Paper not yet in RePEc: Add citation now
  21. Imbens, G., Kalyanaraman, K. J., 2012. Optimal bandwidth choice for the regression discontinuity estimator. Review of Economic Studies 79, 933–959.

  22. Keynes, J.M., 1936. The General Theory of Employment, Interest and Money. McMillan London.
    Paper not yet in RePEc: Add citation now
  23. Kuznets, P.W., 1988. An East Asian model of economic development: Japan, Taiwan, and South Korea. Economic Development and Cultural Change 36, 11–43.

  24. Lins, K.V., Servaes, H., Tufano, P., 2010. What drives corporate liquidity? An international survey of cash holdings and lines of credit. Journal of Financial Economics 98, 160–176.

  25. Liu, W.C., Hsu, C.M., 2006. The role of financial development in economic growth: The experiences of Taiwan, Korea, and Japan. Journal of Asian Economics 17, 667– 690.

  26. Miller, M.H., Orr, D., 1966. Amodel of the demand for money by firms. The Quarterly Journal of Economics 80, 413–435.

  27. Nguyen, H.T., Phan, H.V., Sun, L.S., 2018. Shareholder litigation rights and corporate cash holdings: Evidence from universal demand laws. Journal of Corporate Finance 52, 192-213.

  28. Norton Rose Fulbright (NRF), 2015. 2015 Litigation trends annual survey: Perspectives from corporate counsel.
    Paper not yet in RePEc: Add citation now
  29. Opler, T., Pinkowitz, L., Stulz, R., Williamson, R. 1999. The determinants and implications of corporate cash holdings. Journal of Financial Economics 52, 3–46.

  30. Park, M., 2018. What drives corporate insurance demand? Evidence from directors’ and officers’ liability insurance in Korea. Journal of Corporate Finance 51, 235–257.

  31. PricewaterhouseCoopers (PWC), 2017. A rising tide or a rogue wave? 2016 Securities litigation study.
    Paper not yet in RePEc: Add citation now
  32. Scott, J., 1977. Bankruptcy, secured debt, and optimal capital structure. Journal of Finance 32, 1–19.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Liquidity Effects of Litigation Risk: Evidence from a Legal Shock. (2023). Oliviero, Tommaso ; Park, Min ; Zou, Hong.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:623.

    Full description at Econpapers || Download paper

  2. The Potential for Biases in Resolving Loan Problems. (2021). Brody, Richard ; White, Reilly ; Sokolowski, Matias.
    In: International Journal of Finance & Banking Studies.
    RePEc:rbs:ijfbss:v:10:y:2021:i:3:p:57-66.

    Full description at Econpapers || Download paper

  3. The effect of relationship banking on firm efficiency and default risk. (2020). Yildirim, Alev.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:65:y:2020:i:c:s092911991830796x.

    Full description at Econpapers || Download paper

  4. The transmission of monetary policy through bank lending: The floating rate channel. (2018). Ozdagli, Ali ; Ippolito, Filippo ; Perez-Orive, Ander.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:95:y:2018:i:c:p:49-71.

    Full description at Econpapers || Download paper

  5. Financial distress, refinancing, and debt structure. (2018). Yin, Qie Ellie ; Dudley, Evan.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:94:y:2018:i:c:p:185-207.

    Full description at Econpapers || Download paper

  6. Unconventional Monetary Policy and Bank Lending Relationships. (2017). Duquerroy, Anne ; Cahn, Christophe ; Mullins, William.
    In: SocArXiv.
    RePEc:osf:socarx:vgk25.

    Full description at Econpapers || Download paper

  7. The Transmission of Monetary Policy through Bank Lending : The Floating Rate Channel. (2017). Ozdagli, Ali ; Ippolito, Filippo ; Perez, Ander.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2017-26.

    Full description at Econpapers || Download paper

  8. Debt covenants and the speed of capital structure adjustment. (2017). devos, erik ; Rahman, Shofiqur ; Tsang, Desmond.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:45:y:2017:i:c:p:1-18.

    Full description at Econpapers || Download paper

  9. Financing constraints and the cost of equity: Evidence on the moral hazard of the controlling shareholder. (2015). Luo, QI ; Li, Hui ; Zhang, Biao.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:36:y:2015:i:c:p:99-106.

    Full description at Econpapers || Download paper

  10. Technology spillovers and corporate cash holdings. (2015). Wan, Chi ; Qiu, Jiaping.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:115:y:2015:i:3:p:558-573.

    Full description at Econpapers || Download paper

  11. Corporate policies with permanent and temporary shocks. (2015). villeneuve, stephane ; Gryglewicz, Sebastian ; Décamps, Jean-Paul ; Decamps, Jean Paul ; Morellec, Erwan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10420.

    Full description at Econpapers || Download paper

  12. Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans. (2014). Hirsch, Christian ; Eufinger, Christian ; Acharya, Viral ; Eisert, Tim.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:10108.

    Full description at Econpapers || Download paper

  13. Why are firms unlevered?. (2012). Krishnamurthy, Srinivasan ; devos, erik ; Dhillon, Upinder ; Jagannathan, Murali.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:18:y:2012:i:3:p:664-682.

    Full description at Econpapers || Download paper

  14. Financial constraints and exports: An analysis of Portuguese firms during the European monetary integration. (2011). Silva, Filipe ; Carreira, Carlos.
    In: GEMF Working Papers.
    RePEc:gmf:wpaper:2011-13.

    Full description at Econpapers || Download paper

  15. The Impact of the Financial Systems Structure on Firms Financial Constraints. (2010). Talavera, Oleksandr ; Schäfer, Dorothea ; Baum, Christopher ; Schafer, Dorothea.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:690.

    Full description at Econpapers || Download paper

  16. Internal Finance and Patents - evidence from firm-level data. (2009). Martinsson, Gustav ; Lööf, Hans.
    In: Working Paper Series in Economics and Institutions of Innovation.
    RePEc:hhs:cesisp:0194.

    Full description at Econpapers || Download paper

  17. Equity Financing and Innovation: is Europe different from the United States?. (2009). Martinsson, Gustav.
    In: Working Paper Series in Economics and Institutions of Innovation.
    RePEc:hhs:cesisp:0192.

    Full description at Econpapers || Download paper

  18. Investment Timing, Liquidity, and Agency Costs of Debt. (2009). Hirth, Stefan ; Uhrig-Homburg, Marliese.
    In: Finance Research Group Working Papers.
    RePEc:hhb:aarbfi:2009-04.

    Full description at Econpapers || Download paper

  19. Liquidity Production in 21st Century Banking. (2008). Strahan, Philip.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13798.

    Full description at Econpapers || Download paper

  20. Evolution of Capital Structure in East Asia: Corporate Inertia or Endeavours?. (2008). Pal, Sarmistha ; Driffield, Nigel.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp3426.

    Full description at Econpapers || Download paper

  21. Bank integration and financial constraints: evidence from U.S. firms. (2008). Correa, Ricardo.
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:925.

    Full description at Econpapers || Download paper

  22. Evolution of Capital Strcture in East Asia: Corporate Inertia or Endeavours?. (2008). Pal, Sarmistha ; Driffield, Nigel.
    In: CEDI Discussion Paper Series.
    RePEc:edb:cedidp:08-04.

    Full description at Econpapers || Download paper

  23. Caught in the US Subprime Meltdown 2007/2008: Germany Loses Its Wallet but Escapes Major Harm. (2008). Rieger, Matthias ; Kooths, Stefan.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp825.

    Full description at Econpapers || Download paper

  24. What Determines the Structure of Corporate Debt Issues?. (2007). Weisbach, Michael ; Kim, Woojin ; Julio, Brandon.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13706.

    Full description at Econpapers || Download paper

  25. Do Stock Prices Influence Corporate Decisions? Evidence from the Technology Bubble. (2007). Campello, Murillo ; Graham, John.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13640.

    Full description at Econpapers || Download paper

  26. Why Do U.S. Firms Hold So Much More Cash Than They Used To?. (2007). Stulz, René ; BATES, THOMAS W. ; Kahle, Kathleen M..
    In: Working Paper Series.
    RePEc:ecl:ohidic:2006-17.

    Full description at Econpapers || Download paper

  27. The Effects of Uncertainty on the Leverage of Non-Financial Firms. (2007). Talavera, Oleksandr ; Stephan, Andreas ; Baum, Christopher.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:602.

    Full description at Econpapers || Download paper

  28. The Role of Cash Holdings in Reducing Investment-Cash Flow Sensitivity: Evidence from a Financial Crisis Period in an Emerging Market. (2006). Florackis, Chris ; Arslan, Ozgur ; Ozkan, Aydin.
    In: Discussion Papers.
    RePEc:yor:yorken:06/08.

    Full description at Econpapers || Download paper

  29. Non-linear Target Adjustment in Corporate Liquidity Management: An Endogenous Thresholds Approach. (2006). Kool, Clemens ; Bruinshoofd, Allard.
    In: Working Papers.
    RePEc:use:tkiwps:0615.

    Full description at Econpapers || Download paper

  30. Financing constraints and fixed-term employment contracts. (2006). Cuñat, Vicente ; Caggese, Andrea ; Cuat, Vicente.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1010.

    Full description at Econpapers || Download paper

  31. Why do firms hold so much cash? A tax-based explanation. (2006). Titman, Sheridan ; Hartzell, Jay C. ; Twite, Garry ; Foley, Fritz C..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12649.

    Full description at Econpapers || Download paper

  32. Why Do U.S. Firms Hold So Much More Cash Than They Used To?. (2006). Stulz, René ; BATES, THOMAS W. ; Kahle, Kathleen M..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12534.

    Full description at Econpapers || Download paper

  33. On the market discipline of informationally opaque firms: evidence from bank borrowers in the federal funds market. (2006). Bleakley, Hoyt ; Ashcraft, Adam.
    In: Staff Reports.
    RePEc:fip:fednsr:257.

    Full description at Econpapers || Download paper

  34. Executive financial incentives and payout policy: firm responses to the 2003 dividend tax cut. (2006). Brown, Jeffrey ; Weisbenner, Scott ; Liang, Nellie.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2006-14.

    Full description at Econpapers || Download paper

  35. Financing constraints and firms cash policy in the euro area. (2006). Pal, Rozalia ; Ferrando, Annalisa.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2006642.

    Full description at Econpapers || Download paper

  36. Non-Linear Target Adjustment in Corporate Liquidity Management: An Endogenous Thresholds Approach. (2006). Kool, Clemens ; Clemens J. M. Kool, .
    In: Working Papers.
    RePEc:dnb:dnbwpp:087.

    Full description at Econpapers || Download paper

  37. The Effects of Industry-Level Uncertainty on Cash Holdings: The Case of Germany. (2006). Talavera, Oleksandr ; Schäfer, Dorothea ; Baum, Christopher ; Schafer, Dorothea.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp638.

    Full description at Econpapers || Download paper

  38. The Effects of Industry-Level Uncertainty on Cash Holdings: The Case of Germany. (2006). Talavera, Oleksandr ; Schäfer, Dorothea ; Baum, Christopher.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:637.

    Full description at Econpapers || Download paper

  39. Uncertainty Determinants of Corporate Liquidity. (2006). Talavera, Oleksandr ; Stephan, Andreas ; Caglayan, Mustafa ; Baum, Christopher.
    In: Boston College Working Papers in Economics.
    RePEc:boc:bocoec:634.

    Full description at Econpapers || Download paper

  40. Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies. (2005). Campello, Murillo ; Acharya, Viral ; Almeida, Heitor.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11391.

    Full description at Econpapers || Download paper

  41. Uncertainty Determinants of Corporate Liquidity. (2005). Talavera, Oleksandr ; Stephan, Andreas ; Caglayan, Mustafa ; Baum, Christopher.
    In: Money Macro and Finance (MMF) Research Group Conference 2005.
    RePEc:mmf:mmfc05:73.

    Full description at Econpapers || Download paper

  42. Macroeconomics Uncertainty and Firm Leverage. (2005). Talavera, Oleksandr ; Stephan, Andreas ; Baum, Christopher.
    In: Money Macro and Finance (MMF) Research Group Conference 2005.
    RePEc:mmf:mmfc05:72.

    Full description at Econpapers || Download paper

  43. Stock Market Liquidity and the Macroeconomy: Evidence from Japan. (2005). Choi, Woon Gyu ; Cook, David.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2005/006.

    Full description at Econpapers || Download paper

  44. The Impact of Macroeconomic Uncertainty onNon-Financial Firms’ Demandf or Liquidity. (2005). Talavera, Oleksandr ; Caglayan, Mustafa ; Baum, Christopher ; Ozkan, Neslihan.
    In: Working Papers.
    RePEc:gla:glaewp:2005_26.

    Full description at Econpapers || Download paper

  45. How and why do small firms manage interest rate risk? Evidence from commercial loans. (2005). Vickery, James.
    In: Staff Reports.
    RePEc:fip:fednsr:215.

    Full description at Econpapers || Download paper

  46. Financing the New Economy: Are ICT Firms Really That Different?. (2005). .
    In: Working Papers.
    RePEc:dnb:dnbwpp:077.

    Full description at Econpapers || Download paper

  47. Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies. (2005). Acharya, Viral ; Campello, Murillo ; Almeida, Heitor.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:4886.

    Full description at Econpapers || Download paper

  48. The Impact of Macroeconomic Uncertainty on Cash Holdings for Non-Financial Firms. (2004). Talavera, Oleksandr ; Caglayan, Mustafa ; Baum, Christopher ; Ozkan, Neslihan.
    In: ZEW Discussion Papers.
    RePEc:zbw:zewdip:1611.

    Full description at Econpapers || Download paper

  49. Opacity of Young Firms: Faith or Fact?. (2004). Pajarinen, Mika ; Hyytinen, Ari.
    In: Discussion Papers.
    RePEc:rif:dpaper:923.

    Full description at Econpapers || Download paper

  50. Could Mr. and Mrs. Capital Market Imperfection Please Step Forward? An Empirical Analysis of Adverse Selection and Moral Hazard in Capital Markets. (2004). VNNEN, LOTTA.
    In: Discussion Papers.
    RePEc:rif:dpaper:887.

    Full description at Econpapers || Download paper

  51. Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut. (2004). Brown, Jeffrey ; Weisbenner, Scott ; Liang, Nellie.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11002.

    Full description at Econpapers || Download paper

  52. Macroeconomic Uncertainty and Firm Leverage. (2004). Talavera, Oleksandr ; Stephan, Andreas ; Baum, Christopher.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp443.

    Full description at Econpapers || Download paper

  53. The Impact of Macroeconomic Uncertainty on Cash Holdings for Non-Financial Firms. (2004). Talavera, Oleksandr ; Ozkan, Neslihan ; Caglayan, Mustafa ; Baum, Christopher.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp410.

    Full description at Econpapers || Download paper

  54. The U-Shaped Investment Curve: Theory and Evidence. (2004). Raith, Michael ; Povel, Paul ; Cleary, Sean.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:4206.

    Full description at Econpapers || Download paper

  55. ARE BRAZILIAN FIRMS SAVINGS SENSITIVE TO CASH WINDFALLS?. (2004). Paz, Lourenco ; Costa, Cristiano.
    In: Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting].
    RePEc:anp:en2004:063.

    Full description at Econpapers || Download paper

  56. The U-shaped Investment Curve: Theory and Evidence. (2003). Raith, Michael ; Povel, Paul ; Cleary, Sean.
    In: Finance.
    RePEc:wpa:wuwpfi:0311010.

    Full description at Econpapers || Download paper

  57. The Impact of Macroeconomic Uncertainty on Cash Holdings for Non-Financial Firms. (2003). Ozkan, Neslihan ; Caglayan, Mustafa ; Baum, Christopher.
    In: Computing in Economics and Finance 2003.
    RePEc:sce:scecf3:69.

    Full description at Econpapers || Download paper

  58. Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?. (2003). Stulz, René ; Williamson, Rohan ; Pinkowitz, Lee.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10188.

    Full description at Econpapers || Download paper

  59. Too much cocited documents. This list is not complete

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-01 17:20:21 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.