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Operating Leverage and Corporate Financial Policies
16 references·16 citing·32 second hopsampled
Operating Leverage and Corporate Financial Policies (2011)Operating Leverage and Corporate Financia…New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)New Evidence on Measuring Fin…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …Corporate governance and the value of cash holdings (2006)Corporate governance and the …The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Industry costs of equity (1997)Industry costs of equityDo Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Management entrenchment (1989)Management entrenchmentThe Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Determinants of corporate borrowing (1977)Determinants of corporate bor…Employment protection and the provision of trade credit (2023)Employment protection and the…Asymmetric cost behavior: Theory, meta-analysis, and implications (2023)Asymmetric cost behavior: The…Employment protection and share repurchases: Evidence from wrongful discharge laws (2021)Employment protection and sha…Operating leverage and profitability of SMEs: agri-food industry in Europe (2020)Operating leverage and profit…Employment protection and tax aggressiveness: Evidence from wrongful discharge laws (2020)Employment protection and tax…Contraction flexibility, operating leverage, and financial leverage (2020)Contraction flexibility, oper…Corporate financial leverage and M&As choices: Evidence from the shipping industry (2019)Corporate financial leverage …The relationship between operating leverage and financial leverage (2018)The relationship between oper…Optimal DOL (degree of operating leverage) with investment and production flexibility (2018)Optimal DOL (degree of operat…Employee Protection Shocks and Corporate Cash Holdings (2018)Employee Protection Shocks an…Cash Reserves as a Hedge against Supply-Chain Risk (2017)Cash Reserves as a Hedge agai…Do labor unions affect firm payout policy?: Operating leverage and rent extraction effects (2016)Do labor unions affect firm p…Cost Structure and Payout Policy (2015)Cost Structure and Payout Pol…Managing Human Capital Risk (2013)Managing Human Capital RiskEmployment Flexibility and Capital Structure: Evidence from a Natural Experiment (2013)Employment Flexibility and Ca…Corporate Social Responsibility and Asset Pricing in Industry Equilibrium (2012)Corporate Social Responsibili…Financing Constraints and Corporate Investment (1988)Corporate social responsibility and access to finance (2013)The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2016)Demand for green finance: Resolving financing constraints on green innovation in China (2021)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)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)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)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The General Theory of Employment, Interest and Money. (1936)The theory and practice of corporate finance: evidence from the field (2001)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)Law and Finance (1998)Corporate Ownership Around the World (1999)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1997Industry costs of equity5,793 cited
  • 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data2,443 cited
  • 1989Management entrenchment2,155 cited
  • 2006Corporate governance and the value of cash holdings2,135 cited

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2008
Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure
1,846 cited

Cited by

  • 2020Operating leverage and profitability of SMEs: agri-food industry in Europe70 cited
  • 2017Cash Reserves as a Hedge against Supply-Chain Risk68 cited
  • 2016Do labor unions affect firm payout policy?: Operating leverage and rent extraction effects62 cited
  • 2018Employee Protection Shocks and Corporate Cash Holdings61 cited
  • 2012Corporate Social Responsibility and Asset Pricing in Industry Equilibrium42 cited
  • 2013Managing Human Capital Risk40 cited
  • 2021Employment protection and share repurchases: Evidence from wrongful discharge laws36 cited
  • 2020Employment protection and tax aggressiveness: Evidence from wrongful discharge laws33 cited
  • 2015Cost Structure and Payout Policy32 cited
  • 2020Contraction flexibility, operating leverage, and financial leverage32 cited
  • 2018Optimal DOL (degree of operating leverage) with investment and production flexibility31 cited
  • 2013Employment Flexibility and Capital Structure: Evidence from a Natural Experiment26 cited
  • 2023Employment protection and the provision of trade credit25 cited
  • 2018The relationship between operating leverage and financial leverage24 cited
  • 2023Asymmetric cost behavior: Theory, meta-analysis, and implications23 cited
  • 2019Corporate financial leverage and M&As choices: Evidence from the shipping industry22 cited