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Capital structure and law around the world
16 references·16 citing·24 second hopsampled
Capital structure and law around the world (2011)Capital structure and law around the worldThe cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Corporate Ownership Around the World (1999)Corporate Ownership Around th…Law and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…Financial Dependence and Growth (1996)Financial Dependence and Grow…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Capital Structure Puzzle (1984)The Capital Structure PuzzleCorporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Specification Tests in Econometrics (1978)Specification Tests in Econom…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…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…Climate risk and bank stability: International evidence (2023)Climate risk and bank stabili…Corporate social performance and firm debt levels: Impacts of the covid-19 pandemic and institutional environments (2022)Corporate social performance …The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation (2021)The influence of country gove…Financial leverage and firm efficiency: the mediating role of cash holding (2020)Financial leverage and firm e…Factoring as a determinant of capital structure for large firms: Theoretical and empirical analysis (2019)Factoring as a determinant of…Firm and country specific determinants of capital structure in Sub Saharan Africa (2016)Firm and country specific det…Countries lending infrastructure and capital structure determination: The case of European SMEs (2016)Countries lending infrastruct…Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models (2015)Why do issuers issue Sukuk or…Determinant Factors of Firm Leverage: An Empirical Analysis at Iasi County Level (2015)Determinant Factors of Firm L…The impact of institutional environment on the capital structure of firms during recent financial crises (2014)The impact of institutional e…Ownership concentration, contestability, family firms, and capital structure (2013)Ownership concentration, cont…Ownership structure and debt leverage: Empirical test of a trade-off hypothesis on French firms (2012)Ownership structure and debt …Information Asymmetry and Capital Structure Around the World (2012)Information Asymmetry and Cap…Capital Structure Decisions of Globally-Listed Shipping Companies (2012)Capital Structure Decisions o…Does Corporate Headquarters Location Matter for Firm Capital Structure? (2010)Does Corporate Headquarters L…Institutional characteristics and capital structure: A cross-national comparison (2008)Institutional characteristics…A Survey of Corporate Governance (1997)Investor protection and corporate governance (2000)Dividend Policy, Growth, and the Valuation of Shares (1961)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)On the Pooling of Time Series and Cross Section Data (1978)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Nature of the Firm (1937)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)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)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The separation of ownership and control in East Asian Corporations (2000)Earnings management and investor protection: an international comparison (2003)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1978Specification Tests in Econometrics18,788 cited
  • 1998Law and Finance17,902 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 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
  • 1999Corporate Ownership Around the World10,565 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1996Financial Dependence and Growth8,055 cited
  • 1984The Capital Structure Puzzle7,520 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited

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1988
The Determinants of Capital Structure Choice
6,108 cited

Cited by

  • 2012Capital Structure Decisions of Globally-Listed Shipping Companies129 cited
  • 2010Does Corporate Headquarters Location Matter for Firm Capital Structure?129 cited
  • 2012Information Asymmetry and Capital Structure Around the World104 cited
  • 2016Countries lending infrastructure and capital structure determination: The case of European SMEs96 cited
  • 2015Why do issuers issue Sukuk or conventional bond? Evidence from Malaysian listed firms using partial adjustment models88 cited
  • 2013Ownership concentration, contestability, family firms, and capital structure83 cited
  • 2014The impact of institutional environment on the capital structure of firms during recent financial crises71 cited
  • 2023Climate risk and bank stability: International evidence67 cited
  • 2019Factoring as a determinant of capital structure for large firms: Theoretical and empirical analysis52 cited
  • 2020Financial leverage and firm efficiency: the mediating role of cash holding52 cited
  • 2015Determinant Factors of Firm Leverage: An Empirical Analysis at Iasi County Level50 cited
  • 2016Firm and country specific determinants of capital structure in Sub Saharan Africa50 cited
  • 2012Ownership structure and debt leverage: Empirical test of a trade-off hypothesis on French firms45 cited
  • 2008Institutional characteristics and capital structure: A cross-national comparison44 cited
  • 2021The influence of country governance on the capital structure and investment financing decisions of firms: An international investigation42 cited
  • 2022Corporate social performance and firm debt levels: Impacts of the covid-19 pandemic and institutional environments39 cited