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The Mystery of Zero-Leverage Firms
16 references·11 citing·38 second hop
The Mystery of Zero-Leverage Firms (2006)The Mystery of Zero-Leverage FirmsOverconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)Overconfidence and Early‐Life…Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…Boards: Does one size fit all☆ (2007)Boards: Does one size fit all☆How do family ownership, control and management affect firm value? (2005)How do family ownership, cont…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…The Debt-Equity Choice (2001)The Debt-Equity ChoiceLarger board size and decreasing firm value in small firms (1998)Larger board size and decreas…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…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…Endogenously Chosen Boards of Directors and Their Monitoring of the CEO (1995)Endogenously Chosen Boards of…Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…Outside directors and CEO turnover (1988)Outside directors and CEO tur…The Capital Structure Puzzle (1984)The Capital Structure PuzzleOptimal capital structure under corporate and personal taxation (1980)Optimal capital structure und…On Black’s Leverage Effect in Firms with No Leverage (2019)On Black’s Leverage Effect in…Firm Age, Corporate Governance, and Capital Structure Choices (2017)Firm Age, Corporate Governanc…The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting (2014)The Role of Dynamic Renegotia…Intangible Assets and Capital Structure (2014)Intangible Assets and Capital…The Leverage Ratchet Effect (2013)The Leverage Ratchet EffectHow Do Start-Up Firms Finance Their Assets? Evidence from the Kauffman Firm Surveys (2012)How Do Start-Up Firms Finance…Functional form issues in the regression analysis of financial leverage ratios (2012)Functional form issues in the…The long‐run equity performance of zero‐leverage firms (2011)The long‐run equity performan…Cash Holdings and Credit Risk (2011)Cash Holdings and Credit RiskA Theory of Net Debt and Transferable Human Capital (2011)A Theory of Net Debt and Tran…Financial Flexibility, Investment Ability and Firm Value: Evidence from Firms with Spare Debt Capacity (2010)Financial Flexibility, Invest…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Determinants of Capital Structure Choice (1988)Market Timing and Capital Structure (2002)The cost of capital, corporation finance and the theory of investment (2008)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Audit committee, board of director characteristics, and earnings management (2002)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Determinants of Credit Spread Changes (2001)The theory and practice of corporate finance: evidence from the field (2001)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Theory of Capital Structure (1991)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Corporate Ownership Around the World (1999)Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)Socioemotional Wealth in Family Firms (2012)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)Women in the boardroom and their impact on governance and performance☆ (2009)The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey (2010)Endogeneity and the dynamics of internal corporate governance (2012)The Cross-Section of Expected Stock Returns (1992)Law and Finance (1998)On Persistence in Mutual Fund Performance (1997)How does financial reporting quality relate to investment efficiency? 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References

  • 1984The Capital Structure Puzzle7,520 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1988Outside directors and CEO turnover4,251 cited
  • 2005How do family ownership, control and management affect firm value?4,190 cited
  • 2007Boards: Does one size fit all☆3,088 cited
  • 1980Optimal capital structure under corporate and personal taxation2,906 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data2,443 cited
  • 1998Larger board size and decreasing firm value in small firms2,200 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
  • 2001The Debt-Equity Choice1,797 cited
  • 2011Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies

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1,729 cited
  • 1995Endogenously Chosen Boards of Directors and Their Monitoring of the CEO1,719 cited
  • Cited by

    • 2019On Black’s Leverage Effect in Firms with No Leverage50 cited
    • 2014Intangible Assets and Capital Structure43 cited
    • 2010Financial Flexibility, Investment Ability and Firm Value: Evidence from Firms with Spare Debt Capacity43 cited
    • 2012Functional form issues in the regression analysis of financial leverage ratios42 cited
    • 2017Firm Age, Corporate Governance, and Capital Structure Choices33 cited
    • 2011The long‐run equity performance of zero‐leverage firms32 cited
    • 2013The Leverage Ratchet Effect31 cited
    • 2011A Theory of Net Debt and Transferable Human Capital30 cited
    • 2011Cash Holdings and Credit Risk29 cited
    • 2014The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting29 cited
    • 2012How Do Start-Up Firms Finance Their Assets? Evidence from the Kauffman Firm Surveys21 cited