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The determinants of capital structure: comparison between before and after the financial crisis
16 references·7 citing·37 second hopsampled
The determinants of capital structure: comparison between before and after the financial crisis (2014)The determinants of capital structure: co…The real effects of financial constraints: Evidence from a financial crisis (2010)The real effects of financial…Panel data analysis—advantages and challenges (2007)Panel data analysis—advantage…The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …Testing Trade-Off and Pecking Order Predictions About Dividends and Debt (2002)Testing Trade-Off and Pecking…Testing the pecking order theory of capital structure (2002)Testing the pecking order the…Market Timing and Capital Structure (2002)Market Timing and Capital Str…Capital Structures in Developing Countries (2001)Capital Structures in Develop…How Big Are the Tax Benefits of Debt? (2000)How Big Are the Tax Benefits …Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.1 (1999)Testing static tradeoff again…Institutions, financial markets, and firm debt maturity (1999)Institutions, financial marke…The theory of financial intermediation (1997)The theory of financial inter…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The Choice Between Equity and Debt: An Empirical Study (1982)The Choice Between Equity and…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…A Global Analysis of the COVID-19 Pandemic and Capital Structure in the Consumer Goods Sector (2023)A Global Analysis of the COVI…Target capital structure for managerial decision making: Dynamics and determinants (2022)Target capital structure for …Internationalization and the capital structure of firms in emerging markets: Evidence from Latin America before and after the financial crisis (2020)Internationalization and the …Meta-study on relationship between macroeconomic and institutional environment and internal determinants of enterprises’ capital structure (2019)Meta-study on relationship be…Financial crisis and SME capital structure: Swedish empirical evidence (2019)Financial crisis and SME capi…Financing behavior of firms in tranquil and crisis period: Evidence from China (2017)Financing behavior of firms i…Company determinants of capital structure on the JSE Ltd and the influence of the 2008 financial crisis (2016)Company determinants of capit…Significance tests and goodness of fit in the analysis of covariance structures. (1980)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)Specification Tests in Econometrics (1978)Financing patterns around the world: Are small firms different?☆ (2008)Transforming disadvantages into advantages: developing-country MNEs in the least developed countries (2008)An International Comparison of Capital Structure and Debt Maturity Choices (2010)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)Law and Finance (1998)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Risk, Return, and Equilibrium: Empirical Tests (1973)CEO Overconfidence and Corporate Investment (2005)Partial adjustment toward target capital structures (2005)Econometric Analysis of Panel Data (2021)Common risk factors in the returns on stocks and bonds (1993)The General Theory of Employment, Interest and Money. (1936)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The theory and practice of corporate finance: evidence from the field (2001)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Corporate social responsibility and access to finance (2013)The Cross-Section of Expected Stock Returns (1992)Corporate Ownership Around the World (1999)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Fire Sales in Finance and Macroeconomics (2011)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2002Testing Trade-Off and Pecking Order Predictions About Dividends and Debt3,396 cited
  • 2002Testing the pecking order theory of capital structure2,642 cited
  • 2001Capital Structures in Developing Countries2,335 cited
  • 2010The real effects of financial constraints: Evidence from a financial crisis2,298 cited
  • 1999Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.11,755 cited
  • 2000How Big Are the Tax Benefits of Debt?1,483 cited
  • 2007

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Panel data analysis—advantages and challenges
1,139 cited
  • 1982The Choice Between Equity and Debt: An Empirical Study1,103 cited
  • 1999Institutions, financial markets, and firm debt maturity1,004 cited
  • 1997The theory of financial intermediation938 cited
  • Cited by

    • 2020Internationalization and the capital structure of firms in emerging markets: Evidence from Latin America before and after the financial crisis40 cited
    • 2019Financial crisis and SME capital structure: Swedish empirical evidence26 cited
    • 2019Meta-study on relationship between macroeconomic and institutional environment and internal determinants of enterprises’ capital structure23 cited
    • 2016Company determinants of capital structure on the JSE Ltd and the influence of the 2008 financial crisis19 cited
    • 2022Target capital structure for managerial decision making: Dynamics and determinants16 cited
    • 2023A Global Analysis of the COVID-19 Pandemic and Capital Structure in the Consumer Goods Sector15 cited
    • 2017Financing behavior of firms in tranquil and crisis period: Evidence from China14 cited