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The effects of capital structure change on security prices

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
1973The Pricing of Options and Corporate Liabilities29,064 cited
1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
1976The arbitrage theory of capital asset pricing7,081 cited
1963CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION5,951 cited
1977The Determination of Financial Structure: The Incentive-Signalling Approach4,163 cited
1977INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION4,056 cited
1977Informational Asymmetries, Financial Structure, and Financial Intermediation3,772 cited
1969The Adjustment of Stock Prices to New Information3,625 cited
1980Measuring security price performance3,330 cited
2003The Adjustment of Stock Prices to New Information3,063 cited
1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
1980Optimal capital structure under corporate and personal taxation2,906 cited
1979On financial contracting

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2,901 cited

1977DEBT AND TAXES*2,896 cited

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1984The valuation effects of stock splits and stock dividends629 cited
2005Trade-Off and Pecking Order Theories of Debt535 cited
1986Valuation effects of corporate debt offerings514 cited
1983Antitakeover charter amendments and stockholder wealth475 cited
1984A Comparison of Event Study Methodologies Using Daily Stock Returns: A Simulation Approach452 cited
2008Trade-Off and Pecking Order Theories of Debt**We thank Long Chen, Sudipto Dasgupta, Espen Eckbo, Chris Hennessy, Jay Ritter, Michael Roberts, Tan Wang, and Jaime Zender for comments and helpful discussions. Murray Frank thanks Piper Jaffray for financial support. Vidhan Goyal thanks the Research Grants Council of the Hong Kong Special Administrative Region for financial support (Project No. 6489/06H). The literature on capital structure is vast, containing hundreds of papers, and so we cannot hope to cover it all. Inevitably, we have left out a great deal, much of it very important. As such, we apologize in advance for our inevitable oversights. Even more than usual, it must be stressed that this survey reflects only our views.451 cited
1984Convertible debt issuance, capital structure change and financing-related information407 cited
1983The Impact of Capital Structure Change on Firm Value: Some Estimates392 cited
1995EVENT STUDY METHODS AND EVIDENCE ON THEIR PERFORMANCE386 cited
2003S&P 500 Index Additions and Earnings Expectations371 cited
1985Corporate Combinations and Common Stock Returns: The Case of Joint Ventures364 cited
2003Financing of Corporations361 cited
1986Corporate mergers and security returns353 cited
1983Bankruptcy Risk and Optimal Capital Structure328 cited
1987Asset Writedowns: Managerial Incentives and Security Returns324 cited
1989The wealth effects of second-generation state takeover legislation323 cited