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Can the cure kill the patient? Corporate credit interventions and debt overhang
16 references·2 citing·41 second hop
Can the cure kill the patient? Corporate credit interventions and debt overhang (2021)Can the cure kill the patient? Corporate …Intangible capital and the investment-q relation (2016)Intangible capital and the in…Zombie Lending and Depressed Restructuring in Japan (2008)Zombie Lending and Depressed …Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…How Costly Is External Financing? Evidence from a Structural Estimation (2007)How Costly Is External Financ…On the Nature of Capital Adjustment Costs (2006)On the Nature of Capital Adju…Does the Source of Capital Affect Capital Structure? (2005)Does the Source of Capital Af…Testing the pecking order theory of capital structure (2002)Testing the pecking order the…Measurement Error and the Relationship between Investment and q (2000)Measurement Error and the Rel…Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads (1996)Optimal Capital Structure, En…Leverage, investment, and firm growth (1996)Leverage, investment, and fir…Evidence on the role of cash flow for investment (1995)Evidence on the role of cash …Financial Distress and Corporate Performance (1994)Financial Distress and Corpor…Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data (1992)Debt, Liquidity Constraints, …The role of banks in reducing the costs of financial distress in Japan (1990)The role of banks in reducing…Tobin's Marginal q and Average q: A Neoclassical Interpretation (1982)Tobin's Marginal q and Averag…Determinants of corporate borrowing (1977)Determinants of corporate bor…Earnings management during the COVID-19 crisis: evidence from the Brazilian and American capital markets (2023)Earnings management during th…Entrepreneurial Wealth and Employment: Tracing Out the Effects of a Stock Market Crash (2020)Entrepreneurial Wealth and Em…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Corporate social responsibility and access to finance (2013)The Pricing of Options and Corporate Liabilities (1973)The Determinants of Credit Spread Changes (2001)The theory and practice of corporate finance: evidence from the field (2001)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)The Cross-Section of Expected Stock Returns (1992)The determinants and implications of corporate cash holdings (1999)Default Risk in Equity Returns (2004)In Search of Distress Risk (2008)Risk, Return, and Equilibrium: Empirical Tests (1973)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Policy Uncertainty and Corporate Investment (2015)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Initial conditions and moment restrictions in dynamic panel data models (1998)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)Do Peer Firms Affect Corporate Financial Policy? (2013)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)The Relationship between Firm Investment and Financial Status (1999)Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking (2002)Does female representation in top management improve firm performance? A panel data investigation (2012)CEO Overconfidence and Corporate Investment (2005)Partial adjustment toward target capital structures (2005)Econometric Analysis of Panel Data (2021)Time to Build and Aggregate Fluctuations (1982)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Impact of Uncertainty Shocks (2009)The financial cycle and macroeconomics: What have we learnt? (2013)The Causes and Costs of Misallocation (2017)Whatever It Takes: The Real Effects of Unconventional Monetary Policy (2017)
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References

  • 1977Determinants of corporate borrowing13,160 cited
  • 1982Tobin's Marginal q and Average q: A Neoclassical Interpretation3,178 cited
  • 2002Testing the pecking order theory of capital structure2,642 cited
  • 1996Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads1,962 cited
  • 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
  • 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data1,686 cited
  • 1994Financial Distress and Corporate Performance1,660 cited
  • 2008Zombie Lending and Depressed Restructuring in Japan1,552 cited
  • 2005Does the Source of Capital Affect Capital Structure?1,377 cited
  • 1996Leverage, investment, and firm growth1,304 cited
  • 1990The role of banks in reducing the costs of financial distress in Japan1,212 cited
  • 2016Intangible capital and the investment-q relation1,203 cited
  • 1995Evidence on the role of cash flow for investment1,174 cited
  • 2006On the Nature of Capital Adjustment Costs1,166 cited
  • 2000Measurement Error and the Relationship between Investment and q1,164 cited

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  • 2007How Costly Is External Financing? Evidence from a Structural Estimation1,148 cited
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    • 2020Entrepreneurial Wealth and Employment: Tracing Out the Effects of a Stock Market Crash20 cited
    • 2023Earnings management during the COVID-19 crisis: evidence from the Brazilian and American capital markets18 cited