SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
The Underinvestment and Overinvestment Hypotheses: an Analysis Using Panel Data
16 references·16 citing·28 second hopsampled
The Underinvestment and Overinvestment Hypotheses: an Analysis Using Panel Data (2003)The Underinvestment and Overinvestment Hy…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Capital-Market Imperfections and Investment (1997)Capital-Market Imperfections …Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data (1992)Debt, Liquidity Constraints, …Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Some Tests of Specification f…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate 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…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…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…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Investment inefficiency in the hospitality industry: The role of economic policy uncertainty (2023)Investment inefficiency in th…Cost of capital and firm performance of ESG companies: what can we infer from COVID-19 pandemic? (2023)Cost of capital and firm perf…Impact of green fiscal policy on the investment efficiency of renewable energy enterprises in China (2022)Impact of green fiscal policy…Boardroom gender diversity and investment inefficiency: New evidence from the United Kingdom (2022)Boardroom gender diversity an…Do asymmetric information and leverage affect investment decisions? (2021)Do asymmetric information and…Debt, or not debt, that is the question: A Shakespearean question to a corporate decision (2019)Debt, or not debt, that is th…Do institutional blockholders influence corporate investment? Evidence from emerging markets (2018)Do institutional blockholders…Investment decisions of companies in financial distress (2014)Investment decisions of compa…Family Business Performance from a Governance Perspective: A Review of Empirical Research (2014)Family Business Performance f…Family Control and Investment‐Cash Flow Sensitivity: Moderating Effects of Excess Control Rights and Board Independence (2011)Family Control and Investment…Corporate Governance and the Value of Excess Cash Holdings of Large European Firms (2011)Corporate Governance and the …Effect of ownership structure on underinvestment and overinvestment: empirical evidence from Spain (2009)Effect of ownership structure…The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments (2008)The Effect of Venture Capital…Does family ownership impact positively on firm value? Empirical evidence from Western Europe (2008)Does family ownership impact …Overinvestment and underinvestment problems: determining factors, consequences and solutions (2007)Overinvestment and underinves…Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK (2005)Is Investment-Cash Flow Sensi…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Specification Tests in Econometrics (1978)Another look at the instrumental variable estimation of error-components models (1995)Initial conditions and moment restrictions in dynamic panel data models (1998)Econometric Analysis of Cross Section and Panel Data (2001)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations33,089 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 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
  • 1977Determinants of corporate borrowing13,160 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited

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

1997
Capital-Market Imperfections and Investment
2,600 cited
  • 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data1,686 cited
  • Cited by

    • 2014Family Business Performance from a Governance Perspective: A Review of Empirical Research148 cited
    • 2008The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments104 cited
    • 2018Do institutional blockholders influence corporate investment? Evidence from emerging markets95 cited
    • 2014Investment decisions of companies in financial distress85 cited
    • 2022Boardroom gender diversity and investment inefficiency: New evidence from the United Kingdom81 cited
    • 2011Family Control and Investment‐Cash Flow Sensitivity: Moderating Effects of Excess Control Rights and Board Independence63 cited
    • 2005Is Investment-Cash Flow Sensitivity Caused by the Agency Costs or Asymmetric Information? Evidence from the UK59 cited
    • 2021Do asymmetric information and leverage affect investment decisions?58 cited
    • 2011Corporate Governance and the Value of Excess Cash Holdings of Large European Firms57 cited
    • 2009Effect of ownership structure on underinvestment and overinvestment: empirical evidence from Spain56 cited
    • 2019Debt, or not debt, that is the question: A Shakespearean question to a corporate decision43 cited
    • 2023Investment inefficiency in the hospitality industry: The role of economic policy uncertainty35 cited
    • 2007Overinvestment and underinvestment problems: determining factors, consequences and solutions35 cited
    • 2023Cost of capital and firm performance of ESG companies: what can we infer from COVID-19 pandemic?34 cited
    • 2022Impact of green fiscal policy on the investment efficiency of renewable energy enterprises in China32 cited
    • 2008Does family ownership impact positively on firm value? Empirical evidence from Western Europe32 cited