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
• 1977Determinants of corporate borrowing13,160 cited
• 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
• 1988The Determinants of Capital Structure Choice6,108 cited
• 2010New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index5,574 cited
• 1991The Theory of Capital Structure4,371 cited
• 2006Financial Constraints Risk3,702 cited
• 2005Market value and patent citations3,383 cited
• 1984On the Existence of an Optimal Capital Structure: Theory and Evidence2,477 cited
• 2017Technological Innovation, Resource Allocation, and Growth*2,445 cited
• 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
• 2001The Debt-Equity Choice1,797 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.1