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Common Flaws in Empirical Capital Structure Research
16 references·13 citing·29 second hopsampled
Common Flaws in Empirical Capital Structure Research (2006)Common Flaws in Empirical Capital Structu…Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …Do Firms Rebalance Their Capital Structures? (2005)Do Firms Rebalance Their Capi…Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.1 (1999)Testing static tradeoff again…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…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…Financial Distress and Corporate Performance (1994)Financial Distress and Corpor…The Theory of Capital Structure (1991)The Theory of Capital Structu…Dynamic Capital Structure Choice: Theory and Tests (1989)Dynamic Capital Structure Cho…The effect of capital structure on a firm's liquidation decision (1984)The effect of capital structu…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…Time-varying managerial overconfidence and pecking order preference (2017)Time-varying managerial overc…Corporate financing and target behavior: New tests and evidence (2016)Corporate financing and targe…Communicating Private Information to the Equity Market Before a Dividend Cut: An Empirical Analysis (2014)Communicating Private Informa…Corporate Environmental Performance, Disclosure and Leverage: An Integrated Approach (2011)Corporate Environmental Perfo…Are Corporate Default Probabilities Consistent with the Static Tradeoff Theory? (2011)Are Corporate Default Probabi…What are the Capital Structure Determinants for Tax‐Exempt Organizations? (2010)What are the Capital Structur…The economics of large-scale infrastructure FDI: The case of project finance (2009)The economics of large-scale …The Determinants of Capital Structure: Some Evidence from Banks (2008)The Determinants of Capital S…Profits and Capital Structure (2008)Profits and Capital StructureInvestigating the Capital Structure of UK Real Estate Companies (2008)Investigating the Capital Str…Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues (2008)Empirical Capital Structure R…Dynamic Capital Structure under Managerial Entrenchment: Evidence from a Structural Estimation (2008)Dynamic Capital Structure und…Credit Rating Targets (2008)Credit Rating TargetsTheory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Do Peer Firms Affect Corporate Financial Policy? (2013)… and the Cross-Section of Expected Returns (2015)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)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)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Initial conditions and moment restrictions in dynamic panel data models (1998)Econometric Analysis of Cross Section and Panel Data (2001)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)The Cross-Section of Expected Stock Returns (1992)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Law and Finance (1998)Corporate Ownership Around the World (1999)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 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
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1991The Theory of Capital Structure4,371 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 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
  • 1999Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.11,755 cited
  • 1994Financial Distress and Corporate Performance1,660 cited

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

  • 1989Dynamic Capital Structure Choice: Theory and Tests1,572 cited
  • 1984The effect of capital structure on a firm's liquidation decision1,501 cited
  • 1998Agency Costs, Risk Management, and Capital Structure1,495 cited
  • 2005Do Firms Rebalance Their Capital Structures?1,495 cited
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    • 2009The economics of large-scale infrastructure FDI: The case of project finance65 cited
    • 2008Credit Rating Targets57 cited
    • 2008Profits and Capital Structure34 cited
    • 2011Corporate Environmental Performance, Disclosure and Leverage: An Integrated Approach34 cited
    • 2008Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues32 cited
    • 2010What are the Capital Structure Determinants for Tax‐Exempt Organizations?30 cited
    • 2008Investigating the Capital Structure of UK Real Estate Companies27 cited
    • 2014Communicating Private Information to the Equity Market Before a Dividend Cut: An Empirical Analysis27 cited
    • 2016Corporate financing and target behavior: New tests and evidence21 cited
    • 2008The Determinants of Capital Structure: Some Evidence from Banks21 cited
    • 2008Dynamic Capital Structure under Managerial Entrenchment: Evidence from a Structural Estimation19 cited
    • 2017Time-varying managerial overconfidence and pecking order preference17 cited
    • 2011Are Corporate Default Probabilities Consistent with the Static Tradeoff Theory?17 cited