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Trust and the cost of debt financing
16 references·15 citing·46 second hop
Trust and the cost of debt financing (2018)Trust and the cost of debt financingSocial Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Social Capital, Trust, and Fi…The dark side of analyst coverage: The case of innovation (2013)The dark side of analyst cove…Innovation and Institutional Ownership (2013)Innovation and Institutional …Financial development and innovation: Cross-country evidence (2013)Financial development and inn…How does financial reporting quality relate to investment efficiency? (2009)How does financial reporting …Governance Matters VIII: Aggregate And Individual Governance Indicators 1996-2008 (2009)Governance Matters VIII: Aggr…Cultural Biases in Economic Exchange? * (2009)Cultural Biases in Economic E…Trusting the Stock Market (2005)Trusting the Stock MarketThe Role of Social Capital in Financial Development (2004)The Role of Social Capital in…Informal Institutions and Comparative Politics: A Research Agenda (2004)Informal Institutions and Com…Trust and Growth (2001)Trust and GrowthThe Influence of Institutional Investors on Myopic R&D Investment Behavior (1998)The Influence of Institutiona…Does Social Capital Have an Economic Payoff? A Cross-Country Investigation (1997)Does Social Capital Have an E…Calculativeness, Trust, and Economic Organization (1993)Calculativeness, Trust, and E…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…The determinants of corporate cost of debt during a financial crisis (2024)The determinants of corporate…The impact of environmental information disclosure on the cost of green bond: Evidence from China (2023)The impact of environmental i…Social dishonesty and corporate green innovation (2023)Social dishonesty and corpora…Climate risk and bank stability: International evidence (2023)Climate risk and bank stabili…The impact of social trust and state ownership on investment efficiency of Chinese firms (2021)The impact of social trust an…Impacts of social trust on corporate leverage: Evidence from China (2021)Impacts of social trust on co…Financial stress and economic growth: The moderating role of trust (2021)Financial stress and economic…Financial constraint, trust, and export performances: firm-level evidence from Africa (2021)Financial constraint, trust, …Trustworthiness, good governance and risk taking in MENA countries (2020)Trustworthiness, good governa…Social trust and the speed of corporate leverage adjustment: evidence from around the globe (2020)Social trust and the speed of…How Important is Social Trust During the COVID-19 Crisis Period? Evidence from the Fed Announcements (2020)How Important is Social Trust…How do zombie firms affect debt financing costs of others: From spillover effects views (2020)How do zombie firms affect de…Political uncertainty and the choice of debt sources (2019)Political uncertainty and the…Does societal trust make firms more trustworthy? (2019)Does societal trust make firm…Does Social Trust Affect International Contracting? Evidence from Foreign Bond Covenants (2018)Does Social Trust Affect Inte…The Capital Structure Puzzle (1984)Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)Earnings management to avoid earnings decreases and losses (1997)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)The Strength of Weak Ties (1973)Economic Action and Social Structure: The Problem of Embeddedness (1985)Social Capital in the Creation of Human Capital (1988)Trust in Large Organizations (1996)Chapter 6 Institutions as a Fundamental Cause of Long-Run Growth (2005)Does Culture Affect Economic Outcomes? (2006)The Strategy of Conflict (1960)An Evolutionary Theory of Economic Change. (1983)Institutions, Institutional Change and Economic Performance (1991)New Institutionalism Through a Gender Lens: Towards a Feminist Institutionalism? (2010)Quiet Politics and Business Power: Corporate Control in Europe and Japan (2010)Conceptualizing and Measuring Democracy: A New Approach (2011)The Cross-Section of Expected Stock Returns (1992)Bowling alone (2000)Do institutional investors drive corporate social responsibility? International evidence (2018)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Aggregate Confusion: The Divergence of ESG Ratings (2022)Foundations of social theory (1990)Social Capital in the Creation of Human Capital (2000)The Economic Consequences of Legal Origins (2008)Culture and Institutions: Economic Development in the Regions of Europe (2010)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)A Contribution to the Empirics of Economic Growth (1992)People's opium? Religion and economic attitudes (2003)All for All: Equality, Corruption, and Social Trust (2005)Economic Growth and Income Inequality (2019)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)A review of tax research (2010)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Textual Analysis in Accounting and Finance: A Survey (2016)Initial Trust Formation in New Organizational Relationships (1998)A survey of trust and reputation systems for online service provision (2005)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1997Does Social Capital Have an Economic Payoff? A Cross-Country Investigation7,445 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 2017Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis3,754 cited
  • 2009How does financial reporting quality relate to investment efficiency?3,211 cited
  • 2004Informal Institutions and Comparative Politics: A Research Agenda3,190 cited
  • 2004The Role of Social Capital in Financial Development3,151 cited
  • 1998The Influence of Institutional Investors on Myopic R&D Investment Behavior3,013 cited
  • 1993Calculativeness, Trust, and Economic Organization2,997 cited
  • 2001Trust and Growth2,688 cited
  • 2005Trusting the Stock Market2,242 cited
  • 2009Cultural Biases in Economic Exchange? *2,007 cited
  • 2013Innovation and Institutional Ownership1,947 cited
  • 2009Governance Matters VIII: Aggregate And Individual Governance Indicators 1996-20081,843 cited
  • 2013Financial development and innovation: Cross-country evidence

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1,709 cited
  • 2013The dark side of analyst coverage: The case of innovation1,593 cited
  • Cited by

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    • 2024The determinants of corporate cost of debt during a financial crisis25 cited
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