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Does the Source of Capital Affect Capital Structure?
16 references·16 citing·37 second hopsampled
Does the Source of Capital Affect Capital Structure? (2003)Does the Source of Capital Affect Capital…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Econometric Analysis of Cross Section and Panel Data (2001)Econometric Analysis of Cross…The Maturity Structure of Corporate Debt (1995)The Maturity Structure of Cor…The Benefits of Lending Relationships: Evidence from Small Business Data (1994)The Benefits of Lending Relat…Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Insiders and Outsiders: The C…Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt (1991)Monitoring and Reputation: Th…Dynamic Capital Structure Choice: Theory and Tests (1989)Dynamic Capital Structure Cho…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…What's different about banks? (1985)What's different about banks?Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…Informational Asymmetries, Financial Structure, and Financial Intermediation (1977)Informational Asymmetries, Fi…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)INFORMATIONAL ASYMMETRIES, FI…Determinants of corporate borrowing (1977)Determinants of corporate bor…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Small and Large Firms over the Business Cycle (2020)Small and Large Firms over th…Housing Price Booms and Crowding-Out Effects in Bank Lending (2018)Housing Price Booms and Crowd…The Implicit Costs of Trade Credit Borrowing by Large Firms (2014)The Implicit Costs of Trade C…CEO duality and firm performance: Evidence from an exogenous shock to the competitive environment (2014)CEO duality and firm performa…Do Measures of Financial Constraints Measure Financial Constraints? (2013)Do Measures of Financial Cons…Real Assets and Capital Structure (2012)Real Assets and Capital Struc…Determinants of Corporate Cash Policy: Insights from Private Firms (2012)Determinants of Corporate Cas…The Costs of Being Private: Evidence from the Loan Market (2011)The Costs of Being Private: E…Financing Frictions and the Substitution between Internal and External Funds (2010)Financing Frictions and the S…Financial constraints and investment efficiency: Internal capital allocation across the business cycle (2010)Financial constraints and inv…The Choice of Corporate Liquidity and Corporate Governance (2008)The Choice of Corporate Liqui…On Loan Sales, Loan Contracting, and Lending Relationships (2008)On Loan Sales, Loan Contracti…Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies (2005)Is Cash Negative Debt? A Hedg…Hedging or Market Timing? Selecting the Interest Rate Exposure of Corporate Debt (2005)Hedging or Market Timing? Sel…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2005)Estimating Standard Errors in…Are Firms Underleveraged? An Examination of the Effect of Leverage on Default Probabilities (2005)Are Firms Underleveraged? An …Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)Financial Dependence and Growth (1996)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The arbitrage theory of capital asset pricing (1976)Moral Hazard and Observability (1979)Bank Runs, Deposit Insurance, and Liquidity (1983)Financial Intermediation, Loanable Funds, and The Real Sector (1997)Significance tests and goodness of fit in the analysis of covariance structures. (1980)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)The theory and practice of corporate finance: evidence from the field (2001)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Corporate social responsibility and access to finance (2013)The China Syndrome: Local Labor Market Effects of Import Competition in the United States (2013)Financing Constraints and Corporate Investment (1988)The Effect of Credit Market Competition on Lending Relationships (1995)Relationship Banking: What Do We Know? (2000)Bank regulation and supervision: what works best? (2003)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Job Market Signaling (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)
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References

  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1984Financial Intermediation and Delegated Monitoring8,393 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1994The Benefits of Lending Relationships: Evidence from Small Business Data5,434 cited
  • 1977INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION4,056 cited
  • 1992Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt3,902 cited
  • 1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
  • 1991Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt3,294 cited
  • 1985What's different about banks?2,347 cited
  • 1995The Maturity Structure of Corporate Debt1,856 cited

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  • 1989Dynamic Capital Structure Choice: Theory and Tests1,572 cited
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