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The Risk-Adjusted Cost of Financial Distress
16 references·13 citing·35 second hop
The Risk-Adjusted Cost of Financial Distress (2005)The Risk-Adjusted Cost of Financial Distr…Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)Corporate Yield Spreads: Defa…The Determinants of Credit Spread Changes (2001)The Determinants of Credit Sp…Explaining the Rate Spread on Corporate Bonds (2001)Explaining the Rate Spread on…How Big Are the Tax Benefits of Debt? (2000)How Big Are the Tax Benefits …Modeling Term Structures of Defaultable Bonds (1999)Modeling Term Structures of D…By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…Pricing Derivatives on Financial Securities Subject to Credit Risk (1995)Pricing Derivatives on Financ…Financial Distress and Corporate Performance (1994)Financial Distress and Corpor…Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)Corporate Debt Value, Bond Co…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Liquidation Values and Debt C…Business conditions and expected returns on stocks and bonds (1989)Business conditions and expec…Predicting returns in the stock and bond markets (1986)Predicting returns in the sto…The effect of capital structure on a firm's liquidation decision (1984)The effect of capital structu…Determinants of corporate borrowing (1977)Determinants of corporate bor…Employee Costs of Corporate Bankruptcy (2019)Employee Costs of Corporate B…How Did Pre-Fed Banking Panics End? 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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1989Business conditions and expected returns on stocks and bonds3,934 cited
  • 1992Liquidation Values and Debt Capacity: A Market Equilibrium Approach2,901 cited
  • 1994Corporate Debt Value, Bond Covenants, and Optimal Capital Structure2,732 cited
  • 1999Modeling Term Structures of Defaultable Bonds2,547 cited
  • 2001The Determinants of Credit Spread Changes2,253 cited
  • 2004Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market2,087 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 1995Pricing Derivatives on Financial Securities Subject to Credit Risk1,934 cited
  • 1986Predicting returns in the stock and bond markets1,715 cited
  • 1994Financial Distress and Corporate Performance1,660 cited
  • 2001Explaining the Rate Spread on Corporate Bonds1,580 cited
  • 1984The effect of capital structure on a firm's liquidation decision

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1,501 cited
  • 2000How Big Are the Tax Benefits of Debt?1,483 cited
  • Cited by

    • 2012Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads85 cited
    • 2008Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance60 cited
    • 2006Common Flaws in Empirical Capital Structure Research55 cited
    • 2019Employee Costs of Corporate Bankruptcy52 cited
    • 2014ANALYSIS OF CORPORATE FINANCIAL DISTRESS DETERMINANTS: A SURVEY OF NON-FINANCIAL FIRMS LISTED IN THE NSE48 cited
    • 2010The Cost of Debt33 cited
    • 2013Measuring the Financial Soundness of U.S. Firms, 1926-201233 cited
    • 2013Funding Liquidity, Market Liquidity and TED Spread: A Two-Regime Model33 cited
    • 2016How Did Pre-Fed Banking Panics End?31 cited
    • 2010Friends with Money29 cited
    • 2014Determinants of Corporate Financial Distress: Case of Non- Financial Firms Listed in the Nairobi Securities Exchange21 cited
    • 2011Are Corporate Default Probabilities Consistent with the Static Tradeoff Theory?17 cited
    • 2014An alternative test of the trade-off theory of capital structure15 cited