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Market differences and adjustment speed of debt, equity, and debt maturity
16 references·1 citing·39 second hop
Market differences and adjustment speed of debt, equity, and debt maturity (2020)Market differences and adjustment speed o…Estimating dynamic panel models in corporate finance (2012)Estimating dynamic panel mode…An International Comparison of Capital Structure and Debt Maturity Choices (2010)An International Comparison o…Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Capital Structure Decisions: …Partial adjustment toward target capital structures (2005)Partial adjustment toward tar…Estimation and Inference in Dynamic Unbalanced Panel-data Models with a Small Number of Individuals (2005)Estimation and Inference in D…Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Dynamic panel data models: a guide to micro data methods and practice (2002)Dynamic panel data models: a …The Debt-Equity Choice (2001)The Debt-Equity ChoiceDeterminants of Capital Structure and Adjustment to Long Run Target: Evidence From UK Company Panel Data (2001)Determinants of Capital Struc…The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)The economics of small busine…Initial conditions and moment restrictions in dynamic panel data models (1998)Initial conditions and moment…On bias, inconsistency, and efficiency of various estimators in dynamic panel data models (1995)On bias, inconsistency, and e…Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Some Tests of Specification f…Dynamic Capital Structure Choice: Theory and Tests (1989)Dynamic Capital Structure Cho…Formulation and estimation of dynamic models using panel data (1982)Formulation and estimation of…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Is leverage a substitute or outcome for governance? Evidence from financial crises (2021)Is leverage a substitute or o…Specification Tests in Econometrics (1978)On the Pooling of Time Series and Cross Section Data (1978)Estimation of Dynamic Models with Error Components (1981)Panel data and unobservable individual effects (1981)Using Online Conversations to Study Word-of-Mouth Communication (2004)Bank-specific, industry-specific and macroeconomic determinants of bank profitability (2006)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2007)Biases in Dynamic Models with Fixed Effects (1981)Estimating dynamic panel data models: a guide for macroeconomists (1999)Analysis of Panel Data (2003)Panel Data Econometrics (2003)Panel Data Models With Interactive Fixed Effects (2009)Theory 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)Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Do Peer Firms Affect Corporate Financial Policy? (2013)… and the Cross-Section of Expected Returns (2015)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)On Persistence in Mutual Fund Performance (1997)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)Small Business Credit Availability and Relationship Lending: The Importance of Bank Organisational Structure (2002)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Small and medium-size enterprises: Access to finance as a growth constraint (2006)Another look at the instrumental variable estimation of error-components models (1995)A finite sample correction for the variance of linear efficient two-step GMM estimators (2004)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2009)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Econometric Analysis of Cross Section and Panel Data (2001)Do Firms Rebalance Their Capital Structures? (2005)Common risk factors in the returns on stocks and bonds (1993)Market Timing and Capital Structure (2002)CEO Overconfidence and Corporate Investment (2005)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)What Do We Learn from the Weather? The New Climate-Economy Literature (2014)
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References

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  • 1998The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle3,690 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 2007Capital Structure Decisions: Which Factors Are Reliably Important?2,853 cited
  • 1982Formulation and estimation of dynamic models using panel data2,852 cited
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  • 2012Estimating dynamic panel models in corporate finance841 cited
  • 2001

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Determinants of Capital Structure and Adjustment to Long Run Target: Evidence From UK Company Panel Data
840 cited
  • 2005Estimation and Inference in Dynamic Unbalanced Panel-data Models with a Small Number of Individuals697 cited
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    • 2021Is leverage a substitute or outcome for governance? Evidence from financial crises16 cited