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Measuring Investment Distortions when Risk-Averse Managers Decide Whether to Undertake Risky Projects
16 references·9 citing·48 second hop
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 1996Theory of the firm; managerial Behavior, Agency Costs, and Ownership Structure4,245 cited
  • 1999The Provision of Incentives in Firms3,337 cited
  • 1995The Maturity Structure of Corporate Debt1,856 cited
  • 2000Recursive Macroeconomic Theory1,589 cited
  • 2000In Search of New Foundations1,503 cited
  • 1997How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed1,255 cited
  • 2003Idiosyncratic Risk Matters!1,171 cited
  • 2000Does Option Compensation Increase Managerial Risk Appetite?926 cited
  • 1996Proxies for the corporate marginal tax rate640 cited
  • 1976Valuing Corporate Securities: Some Effects of Bond Indenture Provisions461 cited
  • 1999Measuring investment distortions arising from stockholder–bondholder conflicts336 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads319 cited
  • 1992Measuring the Agency Cost of Debt304 cited
  • 2001Default and Recovery Rates of Corporate Bond Issuers: 2000228 cited
  • 2001

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Agency, Information and Corporate Investment
139 cited

Cited by

  • 2007Corporate Governance and Bank Performance51 cited
  • 2004Top-Management Incentives and the Pricing of Corporate Public Debt39 cited
  • 2013Real Options and Risk Aversion39 cited
  • 2005Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance36 cited
  • 2009Project financing: Deal or no deal29 cited
  • 2003Compensation for managers with career concerns: the role of stock options in optimal contracts27 cited
  • 2008Managerial Discretion, Agency Costs, and Capital Structure17 cited
  • 2008Determinants of Firm's Financial Leverage: A Critical Review16 cited
  • 2005Loss Aversion, Instant Endowment and Risk-Bearing: The Relation between Stock-Based Compensation and Managerial Risk-Seeking Behavior2 cited