Cash and Competition

Theory of the firm: Managerial behavior, agency costs and ownership structure

Michael C. Jensen, William H. Meckling · Journal of Financial Economics · 1976 · 70.7K citations

Management, Business Economics, Corporate Governance +16

The Cash Flow Sensitivity of Cash

Heitor Almeida, Murillo Campello, Michael S. Weisbach · The Journal of Finance · 2004 · 3.3K citations

Business, Business Economics, Economics +12

Entry, Exit, and firm Dynamics in Long Run Equilibrium

Hugo A. Hopenhayn · Econometrica · 1992 · 2.9K citations

Social Sciences, Business Economics, Economics +14

Why Do U.S. Firms Hold So Much More Cash than They Used To?

Thomas W. Bates, Kathleen M. Kahle, René M. Stulz · The Journal of Finance · 2009 · 2.8K citations · Full text

Management, Business Economics, Economics +15

Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk

John Y. Campbell, Martin Lettau, Burton G. Malkiel et al. · The Journal of Finance · 2001 · 2.5K citations

Business, Economics, Finance +17