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A Unified Model of Distorted Investment: Theory and Evidence
16 references·2 citing·42 second hop
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References

  • 1994Investment Under Uncertainty.9,497 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 2003Enjoying the Quiet Life? Corporate Governance and Managerial Preferences3,773 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1982Tobin's Marginal q and Average q: A Neoclassical Interpretation3,178 cited
  • 1979On financial contracting2,901 cited
  • 1989Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior2,585 cited
  • 2001The Debt-Equity Choice1,797 cited
  • 1995Endogenously Chosen Boards of Directors and Their Monitoring of the CEO1,719 cited
  • 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data1,686 cited
  • 1988Takeover Threats and Managerial Myopia1,670 cited
  • 1991Executive incentives and the horizon problem1,554 cited
  • 1997Managerial Entrenchment and Capital Structure Decisions1,538 cited
  • 1988The Determinants of Board Composition1,476 cited
  • 1998Are CEOs Really Paid Like Bureaucrats?

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Cited by

  • 2005Corporate Governance: A Critical Survey of Key Concepts, Issues, and Recent Reforms in the US22 cited
  • 2017The effect of accounting information quality and competition on investment inefficiency: evidence from Korea20 cited