메뉴 건너뛰기




Volumn 7, Issue 2, 1998, Pages 151-176

The effects of asset liquidity: Evidence from the contract drilling industry *

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0032043567     PISSN: 10429573     EISSN: None     Source Type: Journal    
DOI: 10.1006/jfin.1998.0242     Document Type: Article
Times cited : (26)

References (37)
  • 2
    • 15744372203 scopus 로고
    • The economics of bankruptcy reform
    • Aghion, P., Hart, O., and Moore, J. (1992). The economics of bankruptcy reform, J. Law Econ. Org. 8, 523-546.
    • (1992) J. Law Econ. Org. , vol.8 , pp. 523-546
    • Aghion, P.1    Hart, O.2    Moore, J.3
  • 3
    • 0001886999 scopus 로고
    • Liquidation costs and capital structure
    • Alderson, M., and Betker, B. (1995). Liquidation costs and capital structure, J. Finan. Econ. 39, 45-69.
    • (1995) J. Finan. Econ. , vol.39 , pp. 45-69
    • Alderson, M.1    Betker, B.2
  • 4
    • 84960551914 scopus 로고
    • Anatomy of financial distress: An examination of junk-bond issuers
    • Asquith, P., Gertner, R., and Scharfstein, D. (1991). Anatomy of financial distress: An examination of junk-bond issuers, Quart. J. Econ. 109, 625-658.
    • (1991) Quart. J. Econ. , vol.109 , pp. 625-658
    • Asquith, P.1    Gertner, R.2    Scharfstein, D.3
  • 6
    • 0002689871 scopus 로고
    • A theory of predation based on agency problems in financial contracting
    • Bolton, P., and Scharfstein, D. (1990). A theory of predation based on agency problems in financial contracting. Am. Econ. Rev. 80, 93-106.
    • (1990) Am. Econ. Rev. , vol.80 , pp. 93-106
    • Bolton, P.1    Scharfstein, D.2
  • 7
    • 0000336489 scopus 로고
    • Asset sales by financially distressed firms
    • Brown, D., James, C., and Mooradian, R. (1994). Asset sales by financially distressed firms. J. Corp. Fin. 1, 233-257.
    • (1994) J. Corp. Fin. , vol.1 , pp. 233-257
    • Brown, D.1    James, C.2    Mooradian, R.3
  • 8
    • 0001687543 scopus 로고
    • Causes of financial distress following leveraged recapitalizations
    • Denis, D. and Denis, D. (1995). Causes of financial distress following leveraged recapitalizations, J. Finan. Econ. 37, 129-157.
    • (1995) J. Finan. Econ. , vol.37 , pp. 129-157
    • Denis, D.1    Denis, D.2
  • 11
    • 38249036312 scopus 로고
    • The market for interfirm asset sales: Partial sell-offs and total liquidations
    • Hite, G., Owers, J. and Rogers, R. (1987). The market for interfirm asset sales: Partial sell-offs and total liquidations, J. Finan. Econ. 18, 229-252.
    • (1987) J. Finan. Econ. , vol.18 , pp. 229-252
    • Hite, G.1    Owers, J.2    Rogers, R.3
  • 12
    • 0010173435 scopus 로고
    • The oil well drilling contractor industry: A case study in pure competition
    • Hodges, J., and Cookenboo, L. (1953). The oil well drilling contractor industry: A case study in pure competition. In Rice Institute Pamphlet 40, pp. 1-97.
    • (1953) Rice Institute Pamphlet , vol.40 , pp. 1-97
    • Hodges, J.1    Cookenboo, L.2
  • 13
    • 0010789921 scopus 로고
    • Asset sales and increase in focus
    • John, K., and Ofek, E. (1995). Asset sales and increase in focus, J. Finan. Econ. 37, 105-126.
    • (1995) J. Finan. Econ. , vol.37 , pp. 105-126
    • John, K.1    Ofek, E.2
  • 15
    • 0000753469 scopus 로고
    • Campeau's acquisition of federated: Value destroyed or value added?
    • Kaplan, S. (1989). Campeau's acquisition of Federated: Value destroyed or value added? J. Finan. Econ. 25, 191-212.
    • (1989) J. Finan. Econ. , vol.25 , pp. 191-212
    • Kaplan, S.1
  • 16
    • 0003112060 scopus 로고    scopus 로고
    • Do investment-cash flow sensitivities provide useful measures of financing constraints?
    • Kaplan, S. and Zingales, L. (1997). Do investment-cash flow sensitivities provide useful measures of financing constraints? Quart. J. Econ. 122, 169-215.
    • (1997) Quart. J. Econ. , vol.122 , pp. 169-215
    • Kaplan, S.1    Zingales, L.2
  • 17
    • 0003143402 scopus 로고
    • Contagion and competitive intra-industry effects of bankruptcy announcements: An empirical analysis
    • Lang, L., and Stulz, R. (1992). Contagion and competitive intra-industry effects of bankruptcy announcements: An empirical analysis, J. Finan. Econ. 32, 45-60.
    • (1992) J. Finan. Econ. , vol.32 , pp. 45-60
    • Lang, L.1    Stulz, R.2
  • 18
    • 0010146665 scopus 로고
    • Asset sales, firm performance, and the agency costs of managerial discretion
    • Lang, L., Poulsen, A., and Stulz, R. (1995). Asset sales, firm performance, and the agency costs of managerial discretion, J. Finan. Econ. 32, 45-60.
    • (1995) J. Finan. Econ. , vol.32 , pp. 45-60
    • Lang, L.1    Poulsen, A.2    Stulz, R.3
  • 19
    • 0002577777 scopus 로고
    • An operational definition of liquidity
    • Lippman, S., and McCall, J. (1986). An operational definition of liquidity, Amer. Econ. Rev. 76, 43-55.
    • (1986) Amer. Econ. Rev. , vol.76 , pp. 43-55
    • Lippman, S.1    McCall, J.2
  • 20
    • 84963032930 scopus 로고
    • Market structure and uncertainty in oil and gas exploration
    • McKie, J. (1960). Market structure and uncertainty in oil and gas exploration, Quart. J. Econ. 74, 543-571.
    • (1960) Quart. J. Econ. , vol.74 , pp. 543-571
    • McKie, J.1
  • 21
    • 84925898483 scopus 로고
    • American Enterprise Institute for Public Policy Research, Washington, DC
    • Mitchell, E., Ed. (1976) "Vertical Integration in the Oil Industry," American Enterprise Institute for Public Policy Research, Washington, DC.
    • (1976) Vertical Integration in the Oil Industry
    • Mitchell, E.1
  • 22
    • 21344478045 scopus 로고
    • The role of financial economics in securities fraud cases: Applications at the Securities and Exchange Commission
    • Mitchell, M. and Netter, J. (1994). The role of financial economics in securities fraud cases: Applications at the Securities and Exchange Commission, The Business Lawyer 49, 545-590.
    • (1994) The Business Lawyer , vol.49 , pp. 545-590
    • Mitchell, M.1    Netter, J.2
  • 23
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • Myers, S. (1984). The capital structure puzzle, J. Finan. 39, 575-592.
    • (1984) J. Finan. , vol.39 , pp. 575-592
    • Myers, S.1
  • 24
    • 38249002901 scopus 로고
    • Capital structure and firm response to poor performance
    • Ofek, E. (1993). Capital structure and firm response to poor performance, J. Finan. Econ. 34, 3-30.
    • (1993) J. Finan. Econ. , vol.34 , pp. 3-30
    • Ofek, E.1
  • 26
    • 84993839712 scopus 로고
    • Financial distress and corporate performance
    • Opler, T., and Titman, S. (1994). Financial distress and corporate performance, J. Finan. 49, 1015-40.
    • (1994) J. Finan. , vol.49 , pp. 1015-1040
    • Opler, T.1    Titman, S.2
  • 27
    • 77951235595 scopus 로고
    • Houghton Mifflin, Boston
    • Pickens, T. (1988). "Boone," Houghton Mifflin, Boston.
    • (1988) Boone
    • Pickens, T.1
  • 28
    • 0040250337 scopus 로고    scopus 로고
    • Do asset fire-sales exist? an empirical investigation of commercial aircraft transactions
    • Pulvino, T. (1998) Do asset fire-sales exist? An empirical investigation of commercial aircraft transactions, J. Finan. 53, 939-975.
    • (1998) J. Finan. , vol.53 , pp. 939-975
    • Pulvino, T.1
  • 30
    • 84993839747 scopus 로고
    • What do we know about capital structure? Some evidence from international data
    • Rajan, R. and Zingales, L. (1995) What do we know about capital structure? Some evidence from international data, J. Finan. 50, 1421-1460.
    • (1995) J. Finan. , vol.50 , pp. 1421-1460
    • Rajan, R.1    Zingales, L.2
  • 31
    • 77956769664 scopus 로고    scopus 로고
    • Sectoral mobility of capital: A case study of an aerospace firm
    • Ramey, V., and Shapiro, M. (1996). "Sectoral Mobility of Capital: A Case Study of an Aerospace Firm," NBER Working Paper.
    • (1996) NBER Working Paper
    • Ramey, V.1    Shapiro, M.2
  • 32
    • 84977721574 scopus 로고
    • Liquidation values and debt capacity: A market equilibrium approach
    • Shleifer, A., and Vishny, R. (1992). Liquidation values and debt capacity: A market equilibrium approach, J. Finan. 47, 1343-1366.
    • (1992) J. Finan. , vol.47 , pp. 1343-1366
    • Shleifer, A.1    Vishny, R.2
  • 33
    • 84977724376 scopus 로고
    • Acquisition of divested assets and shareholder's wealth
    • Sicherman, N. and Pettway, R. (1987). Acquisition of divested assets and shareholder's wealth, J. Finan. 42, 1261-1273.
    • (1987) J. Finan. , vol.42 , pp. 1261-1273
    • Sicherman, N.1    Pettway, R.2
  • 34
    • 0001989532 scopus 로고
    • A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs
    • Slovin, M., Sushka, M., and Ferraro, S. (1995). A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs, J. Finan. Econ. 37, 89-104.
    • (1995) J. Finan. Econ. , vol.37 , pp. 89-104
    • Slovin, M.1    Sushka, M.2    Ferraro, S.3
  • 35
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman, S. and Wessels, R. (1988). The determinants of capital structure choice, J. Finan. 63, 1-19.
    • (1988) J. Finan. , vol.63 , pp. 1-19
    • Titman, S.1    Wessels, R.2
  • 36
    • 84977702527 scopus 로고
    • Corporate finance and corporate governance
    • Williamson, O. (1988). Corporate finance and corporate governance, J. Finan. 43, 567-592.
    • (1988) J. Finan. , vol.43 , pp. 567-592
    • Williamson, O.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.