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How big is the debt overhang problem?
16 references·16 citing·26 second hopsampled
How big is the debt overhang problem? (2006)How big is the debt overhang problem?The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…How Big Are the Tax Benefits of Debt? (2000)How Big Are the Tax Benefits …Agency Costs, Risk Management, and Capital Structure (1998)Agency Costs, Risk Management…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…Leverage, investment, and firm growth (1996)Leverage, investment, and fir…Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Financial Fragility and Economic Performance (1990)Financial Fragility and Econo…Dynamic Capital Structure Choice: Theory and Tests (1989)Dynamic Capital Structure Cho…Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Determinants of corporate borrowing (1977)Determinants of corporate bor…Bankruptcy Costs: Some Evidence (1977)Bankruptcy Costs: Some Eviden…BANKRUPTCY COSTS: SOME EVIDENCE (1977)BANKRUPTCY COSTS: SOME EVIDEN…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis (2022)Debt Overhang, Rollover Risk,…The Elephant in the Room: The Impact of Labor Obligations on Credit Markets (2020)The Elephant in the Room: The…Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis (2019)Debt Overhang, Rollover Risk,…The persistency and volatility of the firm R&D investment: Revisited from the perspective of technological capability (2017)The persistency and volatilit…Mortgage Debt Overhang: Reduced Investment by Homeowners at Risk of Default (2017)Mortgage Debt Overhang: Reduc…Sticky Leverage (2016)Sticky LeverageMacroeconomic Risk and Debt Overhang* (2016)Macroeconomic Risk and Debt O…Is Operating Flexibility Harmful Under Debt? (2016)Is Operating Flexibility Harm…Dynamic Corporate Liquidity (2016)Dynamic Corporate LiquidityWhy Do Firms Use High Discount Rates? (2014)Why Do Firms Use High Discoun…Book-to-Market Equity, Financial Leverage, and the Cross-Section of Stock Returns (2013)Book-to-Market Equity, Financ…Underinvestment, capital structure and strategic debt restructuring (2010)Underinvestment, capital stru…A Theory of Debt Maturity: The Long and Short of Debt Overhang (2010)A Theory of Debt Maturity: Th…A Market-Based Study of the Cost of Default (2010)A Market-Based Study of the C…Investment frictions and leverage dynamics☆ (2008)Investment frictions and leve…Dynamic Investment, Capital Structure, and Debt Overhang (2006)Dynamic Investment, Capital S…Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Theory ahead of business-cycle measurement (1986)Financial Constraints Risk (2006)Market Liquidity and Funding Liquidity (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)A Survey of Corporate Governance (1997)The Capital Structure Puzzle (1984)The theory and practice of corporate finance: evidence from the field (2001)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)The Pricing of Options and Corporate Liabilities (1973)The Determinants of Credit Spread Changes (2001)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Term Structures of Credit Spreads with Incomplete Accounting Information (2001)Capital Structure and Stock Returns (2004)Environmental risk management and the cost of capital (2008)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 1989Dynamic Capital Structure Choice: Theory and Tests1,572 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 2000How Big Are the Tax Benefits of Debt?1,483 cited
  • 1996Leverage, investment, and firm growth1,304 cited
  • 1977BANKRUPTCY COSTS: SOME EVIDENCE1,096 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies962 cited
  • 1990Financial Fragility and Economic Performance928 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1977Bankruptcy Costs: Some Evidence879 cited
  • Cited by

    • 2016Sticky Leverage173 cited
    • 2020The Elephant in the Room: The Impact of Labor Obligations on Credit Markets150 cited
    • 2014Why Do Firms Use High Discount Rates?147 cited
    • 2017Mortgage Debt Overhang: Reduced Investment by Homeowners at Risk of Default140 cited
    • 2022Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis127 cited
    • 2017The persistency and volatility of the firm R&D investment: Revisited from the perspective of technological capability111 cited
    • 2010A Theory of Debt Maturity: The Long and Short of Debt Overhang102 cited
    • 2016Dynamic Corporate Liquidity101 cited
    • 2008Investment frictions and leverage dynamics☆84 cited
    • 2016Macroeconomic Risk and Debt Overhang*81 cited
    • 2010A Market-Based Study of the Cost of Default79 cited
    • 2010Underinvestment, capital structure and strategic debt restructuring76 cited
    • 2016Is Operating Flexibility Harmful Under Debt?68 cited
    • 2013Book-to-Market Equity, Financial Leverage, and the Cross-Section of Stock Returns68 cited
    • 2006Dynamic Investment, Capital Structure, and Debt Overhang59 cited
    • 2019Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis59 cited