SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Leverage change, debt overhang, and stock prices
16 references·16 citing·21 second hopsampled
Leverage change, debt overhang, and stock prices (2010)Leverage change, debt overhang, and stock…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityWhat Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…The Theory of Capital Structure (1991)The Theory of Capital Structu…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…The Capital Structure Puzzle (1984)The Capital Structure PuzzleCorporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Financial Ratios and the Prob…Determinants of corporate borrowing (1977)Determinants of corporate bor…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…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…Investor sentiment and firm capital structure (2023)Investor sentiment and firm c…Stringent environmental regulation and capital structure: The effect of NEPL on deleveraging the high polluting firms (2022)Stringent environmental regul…The differential impact of corporate blockchain-development as conditioned by sentiment and financial desperation (2020)The differential impact of co…Investment, leverage and political risk: Evidence from project-level FDI (2020)Investment, leverage and poli…Financial leverage and firm efficiency: the mediating role of cash holding (2020)Financial leverage and firm e…Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan (2020)Do intellectual capitals matt…The effect of financial leverage on real and accrual-based earnings management in Vietnamese firms (2019)The effect of financial lever…Motivated monitoring by institutional investors and firm investment efficiency (2019)Motivated monitoring by insti…Capital structure, competitive intensity and firm performance: evidence from Pakistan (2019)Capital structure, competitiv…Do constraints on financial and operating leverage affect the performance of Islamic equity portfolios? (2017)Do constraints on financial a…The effect of financial leverage on real and accrual-based earnings management (2016)The effect of financial lever…Debt structure and corporate performance in emerging markets (2016)Debt structure and corporate …The effect of leverage on performance: Domestically-oriented versus internationally-oriented firms (2015)The effect of leverage on per…SME recovery following a financial crisis: Does debt overhang matter? (2015)SME recovery following a fina…The effect of firm size on the leverage–performance relationship during the financial crisis of 2007–2009 (2014)The effect of firm size on th…Investment opportunities and share repurchases (2013)Investment opportunities and …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)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 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)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)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)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 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
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy6,005 cited
  • 1997Industry costs of equity5,793 cited

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

  • 1991The Theory of Capital Structure4,371 cited
  • Cited by

    • 2016The effect of financial leverage on real and accrual-based earnings management161 cited
    • 2014The effect of firm size on the leverage–performance relationship during the financial crisis of 2007–2009137 cited
    • 2015The effect of leverage on performance: Domestically-oriented versus internationally-oriented firms97 cited
    • 2020Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan82 cited
    • 2019Motivated monitoring by institutional investors and firm investment efficiency70 cited
    • 2022Stringent environmental regulation and capital structure: The effect of NEPL on deleveraging the high polluting firms69 cited
    • 2020Investment, leverage and political risk: Evidence from project-level FDI66 cited
    • 2013Investment opportunities and share repurchases65 cited
    • 2019The effect of financial leverage on real and accrual-based earnings management in Vietnamese firms65 cited
    • 2019Capital structure, competitive intensity and firm performance: evidence from Pakistan61 cited
    • 2020The differential impact of corporate blockchain-development as conditioned by sentiment and financial desperation57 cited
    • 2015SME recovery following a financial crisis: Does debt overhang matter?53 cited
    • 2020Financial leverage and firm efficiency: the mediating role of cash holding52 cited
    • 2016Debt structure and corporate performance in emerging markets50 cited
    • 2023Investor sentiment and firm capital structure47 cited
    • 2017Do constraints on financial and operating leverage affect the performance of Islamic equity portfolios?45 cited