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The Effect of Auditor Choice on Financing Decisions
16 references·7 citing·31 second hop
The Effect of Auditor Choice on Financing Decisions (2005)The Effect of Auditor Choice on Financing…Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Information asymmetry, corpor…The Effect of Audit Quality on Earnings Management* (1998)The Effect of Audit Quality o…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The New Issues Puzzle (1995)The New Issues PuzzleThe Theory of Capital Structure (1991)The Theory of Capital Structu…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Auditor size and audit quality (1981)Auditor size and audit qualityThe Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determination of Financia…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)INFORMATIONAL ASYMMETRIES, FI…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Corporate transparency and reserve management: Evidence from US property-liability insurance companies (2018)Corporate transparency and re…Job satisfaction and employee turnover: A firm-level perspective (2017)Job satisfaction and employee…Forecasting life expectancy: Evidence from a new survival function (2015)Forecasting life expectancy: …Cross-Country Evidence on the Importance of Big Four Auditors to Equity Pricing: The Mediating Role of Legal Institutions (2010)Cross-Country Evidence on the…Determinants of R&D cooperation in Japanese high-tech start-ups (2009)Determinants of R&D cooperati…Tick size change on the Stock Exchange of Thailand (2008)Tick size change on the Stock…"Corporate Venture Capital, Strategic Alliances, and the Governance of Newly Public Firms" (2008)"Corporate Venture Capital, S…The Nature of the Firm (1937)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Pricing of Audit Services: Theory and Evidence (1980)Agency Problems and Residual Claims (1983)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firms, Contracts, and Financial Structure (1995)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Determinants of corporate borrowing (1977)A Survey of Corporate Governance (1997)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Managerial incentives and risk-taking☆ (2005)How does financial reporting quality relate to investment efficiency? (2009)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Corporate Ownership Around the World (1999)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature7,391 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1981Auditor size and audit quality5,862 cited
  • 1991The Theory of Capital Structure4,371 cited
  • 1977The Determination of Financial Structure: The Incentive-Signalling Approach4,163 cited
  • 1977INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION4,056 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1995The New Issues Puzzle3,550 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 1998The Effect of Audit Quality on Earnings Management*

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3,243 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 cited
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    • 2017Job satisfaction and employee turnover: A firm-level perspective48 cited
    • 2009Determinants of R&D cooperation in Japanese high-tech start-ups47 cited
    • 2008"Corporate Venture Capital, Strategic Alliances, and the Governance of Newly Public Firms"31 cited
    • 2010Cross-Country Evidence on the Importance of Big Four Auditors to Equity Pricing: The Mediating Role of Legal Institutions27 cited
    • 2008Tick size change on the Stock Exchange of Thailand24 cited
    • 2018Corporate transparency and reserve management: Evidence from US property-liability insurance companies22 cited
    • 2015Forecasting life expectancy: Evidence from a new survival function13 cited