-
1
-
-
0038465465
-
How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed
-
Andrade, Gregor, and Steven N. Kaplan, 1998, How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed, Journal of Finance 53, 1443-1493.
-
(1998)
Journal of Finance
, vol.53
, pp. 1443-1493
-
-
Andrade, G.1
Kaplan, S.N.2
-
2
-
-
0041672312
-
Market timing and capital structure
-
Baker, Malcolm, and Jeffrey Wurgler, 2002, Market timing and capital structure, Journal of Finance 57, 1-32.
-
(2002)
Journal of Finance
, vol.57
, pp. 1-32
-
-
Baker, M.1
Wurgler, J.2
-
4
-
-
85015692260
-
The pricing of options and corporate liabilities
-
Black, Fischer, and Myron Scholes, 1973, The pricing of options and corporate liabilities, Journal of Political Economy 81, 637-659.
-
(1973)
Journal of Political Economy
, vol.81
, pp. 637-659
-
-
Black, F.1
Scholes, M.2
-
5
-
-
0002689871
-
A theory of predation based on agency problems in financial contracting
-
Bolton, Patrick, and David Scharfstein, 1990, A theory of predation based on agency problems in financial contracting, American Economic Review 80, 93-106.
-
(1990)
American Economic Review
, vol.80
, pp. 93-106
-
-
Bolton, P.1
Scharfstein, D.2
-
6
-
-
84939793498
-
On the existence of an optimal capital structure
-
Bradley, Michael, Gregg A. Jarrell, and E. Han Kim, 1984, On the existence of an optimal capital structure, Journal of Finance 39, 857-878.
-
(1984)
Journal of Finance
, vol.39
, pp. 857-878
-
-
Bradley, M.1
Jarrell, G.A.2
Kim, E.H.3
-
8
-
-
0000488169
-
Oligopoly and financial structure: The limited liability effect
-
Brander, James A., and Tracy R. Lewis, 1986, Oligopoly and financial structure: The limited liability effect, American Economic Review 76, 956-970.
-
(1986)
American Economic Review
, vol.76
, pp. 956-970
-
-
Brander, J.A.1
Lewis, T.R.2
-
9
-
-
0001063224
-
Bankruptcy costs and the theory of oligopoly
-
Brander, James A., and Tracy R. Lewis, 1988, Bankruptcy costs and the theory of oligopoly, Canadian Journal of Economics 21, 221-243.
-
(1988)
Canadian Journal of Economics
, vol.21
, pp. 221-243
-
-
Brander, J.A.1
Lewis, T.R.2
-
10
-
-
0008560908
-
Optimal financial policy and firm valuation
-
Brennan, Michael J., and Eduardo S. Schwartz, 1984, Optimal financial policy and firm valuation, Journal of Finance 39, 593-607.
-
(1984)
Journal of Finance
, vol.39
, pp. 593-607
-
-
Brennan, M.J.1
Schwartz, E.S.2
-
11
-
-
0000047175
-
Explaining investment dynamics in U.S. Manufacturing: A generalized (S,s) approach
-
Caballero, Ricardo J., and Eduardo M.R.A. Engel, 1999, Explaining investment dynamics in U.S. Manufacturing: A generalized (S,s) approach, Econometrica 67, 783-826.
-
(1999)
Econometrica
, vol.67
, pp. 783-826
-
-
Caballero, R.J.1
Engel, E.M.R.A.2
-
12
-
-
0001611547
-
Industrial organization and new findings on the turnover and mobility of firms
-
Caves, Richard E., 1998, Industrial organization and new findings on the turnover and mobility of firms, Journal of Economic Literature 36, 1947-1982.
-
(1998)
Journal of Economic Literature
, vol.36
, pp. 1947-1982
-
-
Caves, R.E.1
-
13
-
-
0029540769
-
Capital structure and product-market competition: Empirical evidence from the supermarket industry
-
Chevalier, Judith A., 1995a, Capital structure and product-market competition: Empirical evidence from the supermarket industry, American Economic Review 85, 415-435.
-
(1995)
American Economic Review
, vol.85
, pp. 415-435
-
-
Chevalier, J.A.1
-
14
-
-
84993865621
-
Do LBO supermarkets charge more? An empirical analysis of the effects of LBOs on supermarket pricing
-
Chevalier, Judith A., 1995b, Do LBO supermarkets charge more? An empirical analysis of the effects of LBOs on supermarket pricing, Journal of Finance 50, 1095-1112.
-
(1995)
Journal of Finance
, vol.50
, pp. 1095-1112
-
-
Chevalier, J.A.1
-
15
-
-
0000789987
-
Financial markets and firm dynamics
-
Cooley, Thomas F., and Vincenzo Quadrini, 2001, Financial markets and firm dynamics, American Economic Review 91, 1286-1310.
-
(2001)
American Economic Review
, vol.91
, pp. 1286-1310
-
-
Cooley, T.F.1
Quadrini, V.2
-
16
-
-
0032352929
-
Pricing strategy and financial policy
-
Dasgupta, Sudipto, and Sheridan Titman, 1998, Pricing strategy and financial policy, Review of Financial Studies 11, 705-737.
-
(1998)
Review of Financial Studies
, vol.11
, pp. 705-737
-
-
Dasgupta, S.1
Titman, S.2
-
17
-
-
84936823784
-
Entry and exit decisions under uncertainty
-
Dixit, Avinash, 1989, Entry and exit decisions under uncertainty, Journal of Political Economy 97, 620-638.
-
(1989)
Journal of Political Economy
, vol.97
, pp. 620-638
-
-
Dixit, A.1
-
18
-
-
84891010016
-
-
Princeton University Press, Princeton, NJ
-
Dixit, Avinash, and Robert Pindyck, 1994, Investment Under Uncertainty (Princeton University Press, Princeton, NJ).
-
(1994)
Investment under Uncertainty
-
-
Dixit, A.1
Pindyck, R.2
-
19
-
-
0034986069
-
Term structures of credit spreads with incomplete accounting information
-
Duffle, Darrell, and David Lando, 2001, Term structures of credit spreads with incomplete accounting information, Econometrica 69, 633-664.
-
(2001)
Econometrica
, vol.69
, pp. 633-664
-
-
Duffle, D.1
Lando, D.2
-
20
-
-
0000860267
-
Patterns of firm entry and exit in U.S. manufacturing industries
-
Dunne, Timothy, Mark J. Roberts, and Larry Samuelson, 1988, Patterns of firm entry and exit in U.S. manufacturing industries, Rand Journal of Economics 19, 495-515.
-
(1988)
Rand Journal of Economics
, vol.19
, pp. 495-515
-
-
Dunne, T.1
Roberts, M.J.2
Samuelson, L.3
-
21
-
-
84959843820
-
Markov-perfect industry dynamics: A framework for empirical work
-
Ericson, Richard, and Ariel Pakes, 1995, Markov-perfect industry dynamics: A framework for empirical work, Review of Economic Studies 62, 53-82.
-
(1995)
Review of Economic Studies
, vol.62
, pp. 53-82
-
-
Ericson, R.1
Pakes, A.2
-
22
-
-
0001897337
-
An expository note on individual risk without aggregate uncertainty
-
Feldman, Mark, and Christian Gilles, 1985, An expository note on individual risk without aggregate uncertainty, Journal of Economic Theory 35, 26-32.
-
(1985)
Journal of Economic Theory
, vol.35
, pp. 26-32
-
-
Feldman, M.1
Gilles, C.2
-
23
-
-
0031541264
-
Debt in industry equilibrium
-
Fries, Steven, Marcus Miller, and William Perraudin, 1997, Debt in industry equilibrium, Review of Financial Studies 10, 39-67.
-
(1997)
Review of Financial Studies
, vol.10
, pp. 39-67
-
-
Fries, S.1
Miller, M.2
Perraudin, W.3
-
24
-
-
18044403859
-
An EBIT-based model of dynamic capital structure
-
Goldstein, Robert, Nengjiu Ju, and Hayne E. Leland, 2001, An EBIT-based model of dynamic capital structure, Journal of Business 74, 483-512.
-
(2001)
Journal of Business
, vol.74
, pp. 483-512
-
-
Goldstein, R.1
Ju, N.2
Leland, H.E.3
-
25
-
-
0030269260
-
Proxies for the corporate marginal tax rate
-
Graham, John R., 1996, Proxies for the corporate marginal tax rate, Journal of Financial Economics 42, 187-221.
-
(1996)
Journal of Financial Economics
, vol.42
, pp. 187-221
-
-
Graham, J.R.1
-
26
-
-
0040362553
-
How big are the tax benefits of debt?
-
Graham, John R., 2000, How big are the tax benefits of debt? Journal of Finance 55, 1901-1941.
-
(2000)
Journal of Finance
, vol.55
, pp. 1901-1941
-
-
Graham, J.R.1
-
27
-
-
33845186211
-
Capital structure, credit risk, and macroeconomic conditions
-
University of Rochester
-
Hackbarth, Dirk, Jianjun Miao, and Erwan Morellec, 2004, Capital structure, credit risk, and macroeconomic conditions, Working paper, University of Rochester.
-
(2004)
Working Paper
-
-
Hackbarth, D.1
Miao, J.2
Morellec, E.3
-
28
-
-
84977721089
-
The theory of capital structure
-
Harris, Milton, and Artur Raviv, 1991, The theory of capital structure, Journal of Finance 46, 297-355.
-
(1991)
Journal of Finance
, vol.46
, pp. 297-355
-
-
Harris, M.1
Raviv, A.2
-
29
-
-
38649141305
-
Martingales and arbitrage in multiperiod securities markets
-
Harrison, Michael J., and David M. Kreps, 1979, Martingales and arbitrage in multiperiod securities markets, Journal of Economic Theory 20, 381-408.
-
(1979)
Journal of Economic Theory
, vol.20
, pp. 381-408
-
-
Harrison, M.J.1
Kreps, D.M.2
-
30
-
-
0001600291
-
Entry, exit, and firm dynamics in long run equilibrium
-
Hopenhayn, Hugo A., 1992a, Entry, exit, and firm dynamics in long run equilibrium, Econometrica 60, 1127-1150.
-
(1992)
Econometrica
, vol.60
, pp. 1127-1150
-
-
Hopenhayn, H.A.1
-
31
-
-
0005123332
-
Exit, selection, and the value of firms
-
Hopenhayn, Hugo A., 1992b, Exit, selection, and the value of firms, Journal of Economic Dynamics and Control 16, 621-653.
-
(1992)
Journal of Economic Dynamics and Control
, vol.16
, pp. 621-653
-
-
Hopenhayn, H.A.1
-
32
-
-
85048901435
-
Job turnover and policy evaluation: A general equilibrium analysis
-
Hopenhayn, Hugo A., and Richard Rogerson, 1993, Job turnover and policy evaluation: A general equilibrium analysis, Journal of Political Economy 101, 915-938.
-
(1993)
Journal of Political Economy
, vol.101
, pp. 915-938
-
-
Hopenhayn, H.A.1
Rogerson, R.2
-
33
-
-
0001066475
-
Agency costs of free cash flow, corporate finance and takeovers
-
Jensen, Michael C., 1986, Agency costs of free cash flow, corporate finance and takeovers, American Economic Review 76, 323-329.
-
(1986)
American Economic Review
, vol.76
, pp. 323-329
-
-
Jensen, M.C.1
-
34
-
-
44649197264
-
Theory of the firm: Managerial behavior, agency costs, and ownership structure
-
Jensen, Michael C., and William H. Meckling, 1976, Theory of the firm: Managerial behavior, agency costs, and ownership structure, Journal of Financial Economics 4, 305-360.
-
(1976)
Journal of Financial Economics
, vol.4
, pp. 305-360
-
-
Jensen, M.C.1
Meckling, W.H.2
-
35
-
-
0002485234
-
Selection and the evolution of industry
-
Jovanovic, Boyan, 1982, Selection and the evolution of industry, Econometrica 50, 649-670.
-
(1982)
Econometrica
, vol.50
, pp. 649-670
-
-
Jovanovic, B.1
-
36
-
-
3242705869
-
Horses and rabbits? Optimal dynamic capital structure from shareholder and manager perspectives
-
University of Texas at Austin
-
Ju, Nengjiu, Robert Parrino, Allen M. Poteshman, and M.S. Weisbach, 2003, Horses and rabbits? Optimal dynamic capital structure from shareholder and manager perspectives, Working paper, University of Texas at Austin.
-
(2003)
Working Paper
-
-
Ju, N.1
Parrino, R.2
Poteshman, A.M.3
Weisbach, M.S.4
-
37
-
-
0003085090
-
The law of large numbers with a continuum of IID random variables
-
Judd, Kenneth L., 1985, The law of large numbers with a continuum of IID random variables, Journal of Economic Theory 35, 19-25.
-
(1985)
Journal of Economic Theory
, vol.35
, pp. 19-25
-
-
Judd, K.L.1
-
39
-
-
0031484752
-
Capital structure and product market behavior: An examination of plant exit and investment decisions
-
Kovenock, Dan, and Gordon M. Phillips, 1997, Capital structure and product market behavior: An examination of plant exit and investment decisions, Review of Financial Studies 10, 767-803.
-
(1997)
Review of Financial Studies
, vol.10
, pp. 767-803
-
-
Kovenock, D.1
Phillips, G.M.2
-
40
-
-
0000124595
-
A state-preference model of optimal financial leverage
-
Kraus, Alan, and Robert Litzenberger, 1973, A state-preference model of optimal financial leverage, Journal of Finance 33, 911-922.
-
(1973)
Journal of Finance
, vol.33
, pp. 911-922
-
-
Kraus, A.1
Litzenberger, R.2
-
41
-
-
0001519332
-
Time to build and aggregate fluctuations
-
Kydland, Finn E., and Edward C. Prescott, 1982, Time to build and aggregate fluctuations, Econometrica 50, 1345-1370.
-
(1982)
Econometrica
, vol.50
, pp. 1345-1370
-
-
Kydland, F.E.1
Prescott, E.C.2
-
42
-
-
0035613889
-
The impact of debt financing on entry and exit in a duopoly
-
Lambrecht, Bart M., 2001, The impact of debt financing on entry and exit in a duopoly, Review of Financial Studies 14, 765-804.
-
(2001)
Review of Financial Studies
, vol.14
, pp. 765-804
-
-
Lambrecht, B.M.1
-
43
-
-
0029693533
-
Leverage, investment, and firm growth
-
Lang, Larry, Eli Ofek, and Rene M. Stulz, 1996, Leverage, investment, and firm growth, Journal of Financial Economics 40, 3-29.
-
(1996)
Journal of Financial Economics
, vol.40
, pp. 3-29
-
-
Lang, L.1
Ofek, E.2
Stulz, R.M.3
-
44
-
-
84916506635
-
Investment in competitive equilibrium: The optimality of myopic behavior
-
Leahy, John V., 1993, Investment in competitive equilibrium: The optimality of myopic behavior, Quarterly Journal of Economics 108, 1105-1133.
-
(1993)
Quarterly Journal of Economics
, vol.108
, pp. 1105-1133
-
-
Leahy, J.V.1
-
45
-
-
84993608428
-
Corporate debt value, bond covenants and optimal capital structure
-
Leland, Hayne E., 1994, Corporate debt value, bond covenants and optimal capital structure, Journal of Finance 49, 1213-1252.
-
(1994)
Journal of Finance
, vol.49
, pp. 1213-1252
-
-
Leland, H.E.1
-
46
-
-
0002350933
-
Agency costs, risk management, and capital structure
-
Leland, Hayne E., 1998, Agency costs, risk management, and capital structure, Journal of Finance 4, 1213-1243.
-
(1998)
Journal of Finance
, vol.4
, pp. 1213-1243
-
-
Leland, H.E.1
-
47
-
-
0039021357
-
Optimal capital structure, endogenous bankruptcy, and the term structure of credit spreads
-
Leland, Hayne E., and Klaus B. Toft, 1996, Optimal capital structure, endogenous bankruptcy, and the term structure of credit spreads, Journal of Finance 51, 987-1019.
-
(1996)
Journal of Finance
, vol.51
, pp. 987-1019
-
-
Leland, H.E.1
Toft, K.B.2
-
48
-
-
0002206621
-
Tobin's q ratio and industrial organization
-
Lindenberg, Eric B., and Stephen A. Ross, 1981, Tobin's q ratio and industrial organization, Journal of Business 54, 1-32.
-
(1981)
Journal of Business
, vol.54
, pp. 1-32
-
-
Lindenberg, E.B.1
Ross, S.A.2
-
49
-
-
28244462601
-
How does industry affect firm financial structure?
-
forthcoming
-
Mackay, Peter, and Gordon M. Phillips, 2004, How does industry affect firm financial structure? Review of Financial Studies (forthcoming).
-
(2004)
Review of Financial Studies
-
-
Mackay, P.1
Phillips, G.M.2
-
50
-
-
0000495344
-
Capital structure in repeated oligopolies
-
Maksimovic, Vojislav, 1988, Capital structure in repeated oligopolies, Rand Journal of Economics 19, 389-407.
-
(1988)
Rand Journal of Economics
, vol.19
, pp. 389-407
-
-
Maksimovic, V.1
-
51
-
-
0039066488
-
Asset efficiency and reallocation decisions of bankrupt firms
-
Maksimovic, Vojislav, and Gordon M. Phillips, 1998, Asset efficiency and reallocation decisions of bankrupt firms, Journal of Finance 53, 1495-1532.
-
(1998)
Journal of Finance
, vol.53
, pp. 1495-1532
-
-
Maksimovic, V.1
Phillips, G.M.2
-
52
-
-
84977702164
-
Debt, agency costs, and industry equilibrium
-
Maksimovic, Vojislav, and Josef Zechner, 1991, Debt, agency costs, and industry equilibrium, Journal of Finance 46, 1619-1643.
-
(1991)
Journal of Finance
, vol.46
, pp. 1619-1643
-
-
Maksimovic, V.1
Zechner, J.2
-
53
-
-
84993907215
-
Interactions of corporate financing and investment decisions: A dynamic framework
-
Mauer, David C., and Alexander J. Triantis, 1994, Interactions of corporate financing and investment decisions: A dynamic framework, Journal of Finance 49, 1253-1277.
-
(1994)
Journal of Finance
, vol.49
, pp. 1253-1277
-
-
Mauer, D.C.1
Triantis, A.J.2
-
54
-
-
28244476603
-
Optimal debt exchange offers
-
London School of Business
-
Mella-Barral, Pirre, 1995, Optimal debt exchange offers, Working paper, London School of Business.
-
(1995)
Working Paper
-
-
Mella-Barral, P.1
-
55
-
-
84993660676
-
Measuring the agency costs of debt
-
Mello, Antonio S., and John E. Parsons, 1992, Measuring the agency costs of debt, Journal of Finance 47, 1887-1904.
-
(1992)
Journal of Finance
, vol.47
, pp. 1887-1904
-
-
Mello, A.S.1
Parsons, J.E.2
-
56
-
-
0000808665
-
On the pricing of corporate debt: The risk structure of interest rate
-
Merton, Robert, 1974, On the pricing of corporate debt: The risk structure of interest rate, Journal of Finance 29, 449-469.
-
(1974)
Journal of Finance
, vol.29
, pp. 449-469
-
-
Merton, R.1
-
57
-
-
28244485079
-
Competitive equilibria of economies with a continuum of consumers and aggregate shocks
-
forthcoming
-
Miao, Jianjun, 2004, Competitive equilibria of economies with a continuum of consumers and aggregate shocks, Journal of Economic Theory (forthcoming).
-
(2004)
Journal of Economic Theory
-
-
Miao, J.1
-
58
-
-
0000294096
-
The cost of capital, corporation finance and the theory of investment
-
Modigliani, Franco, and Merton H. Miller, 1958, The cost of capital, corporation finance and the theory of investment, American Economic Review 48, 267-297.
-
(1958)
American Economic Review
, vol.48
, pp. 267-297
-
-
Modigliani, F.1
Miller, M.H.2
-
59
-
-
0000687546
-
Corporate income taxes and the cost of capital: A correction
-
Modigliani, Franco, and Merton H. Miller, 1963, Corporate income taxes and the cost of capital: A correction, American Economic Review 53, 433-443.
-
(1963)
American Economic Review
, vol.53
, pp. 433-443
-
-
Modigliani, F.1
Miller, M.H.2
-
60
-
-
0000497713
-
Asset liquidity, capital structure and secured debt
-
Morellec, Erwan, 2001, Asset liquidity, capital structure and secured debt, Journal of Financial Economics 61, 173-206.
-
(2001)
Journal of Financial Economics
, vol.61
, pp. 173-206
-
-
Morellec, E.1
-
61
-
-
0842303600
-
Can managerial discretion explain observed leverage ratios?
-
Morellec, Erwan, 2004, Can managerial discretion explain observed leverage ratios? Review of Financial Studies 17, 257-294.
-
(2004)
Review of Financial Studies
, vol.17
, pp. 257-294
-
-
Morellec, E.1
-
62
-
-
0000481493
-
The determinants of corporate borrowing
-
Myers, Steward C., 1977, The determinants of corporate borrowing, Journal of Financial Economics 37, 189-238.
-
(1977)
Journal of Financial Economics
, vol.37
, pp. 189-238
-
-
Myers, S.C.1
-
63
-
-
0002987115
-
The determinants of entry: A study of the Canadian manufacturing industries
-
Orr, Dale, 1974, The determinants of entry: A study of the Canadian manufacturing industries, Review of Economics and Statistics 56, 58-66.
-
(1974)
Review of Economics and Statistics
, vol.56
, pp. 58-66
-
-
Orr, D.1
-
64
-
-
0012235377
-
Measuring investment distortions arising from stockholder-bondholder conflicts
-
Parrino, Robert, and Michael S. Weisbach, 1999, Measuring investment distortions arising from stockholder-bondholder conflicts, Journal of Financial Economics 53, 3-42.
-
(1999)
Journal of Financial Economics
, vol.53
, pp. 3-42
-
-
Parrino, R.1
Weisbach, M.S.2
-
65
-
-
0002110167
-
Increased debt and industry product markets: An empirical analysis
-
Phillips, Gordon M., 1995, Increased debt and industry product markets: An empirical analysis, Journal of Financial Economics 37, 189-238.
-
(1995)
Journal of Financial Economics
, vol.37
, pp. 189-238
-
-
Phillips, G.M.1
-
66
-
-
0002343281
-
Financial signalling and the deep-pocket argument
-
Poitevin, Michael, 1989, Financial signalling and the deep-pocket argument, Rand Journal of Economics 20, 26-40.
-
(1989)
Rand Journal of Economics
, vol.20
, pp. 26-40
-
-
Poitevin, M.1
-
67
-
-
84993839747
-
What do we know about capital structure? Some evidence from international data
-
Rajan, Raghuram G., and Luigi Zingales, 1995, What do we know about capital structure? Some evidence from international data, Journal of Finance 50, 1421-1467.
-
(1995)
Journal of Finance
, vol.50
, pp. 1421-1467
-
-
Rajan, R.G.1
Zingales, L.2
-
68
-
-
0242284067
-
A dynamic model of optimal capital structure
-
University of Texas at Austin
-
Titman, Sheridan, and Sergey Tsyplakov, 2002, A dynamic model of optimal capital structure, Working paper, University of Texas at Austin.
-
(2002)
Working Paper
-
-
Titman, S.1
Tsyplakov, S.2
-
69
-
-
84977737536
-
The determinants of capital structure choice
-
Titman, Sheridan, and Roberto Wessels, 1988, The determinants of capital structure choice, Journal of Finance 43, 1-19.
-
(1988)
Journal of Finance
, vol.43
, pp. 1-19
-
-
Titman, S.1
Wessels, R.2
-
70
-
-
1842842960
-
Stock returns and capital structure
-
Welch, Ivo, 2004, Stock returns and capital structure, Journal of Political Economy 112, 106-131.
-
(2004)
Journal of Political Economy
, vol.112
, pp. 106-131
-
-
Welch, I.1
-
71
-
-
21844521387
-
Financial and industrial structure with agency
-
Williams, Joseph T, 1995, Financial and industrial structure with agency, Review of Financial Studies 8, 431-474.
-
(1995)
Review of Financial Studies
, vol.8
, pp. 431-474
-
-
Williams, J.T.1
-
72
-
-
0039066439
-
Survival of the fittest or the fattest? Exit and financing in the trucking industry
-
Zingales, Luigi, 1998, Survival of the fittest or the fattest? Exit and financing in the trucking industry, Journal of Finance 53, 905-938.
-
(1998)
Journal of Finance
, vol.53
, pp. 905-938
-
-
Zingales, L.1
|