This paper assesses the impact of environmental corporate social responsibility (ECSR) on
Corporate Financial Performance (CFP) measured by ROA and Tobin's Q. We show that the …

This paper presents a continuous time model of a firm that can dynamically adjust both its
capital structure and its investment choices. In the model we endogenize the investment …

We study the interaction between financing and investment decisions in a dynamic model,
where the firm has multiple debt issues and equityholders choose the timing of investment …

Abstract Models for the analysis of multivariate spatial data are receiving increased attention
these days. In many applications it will be preferable to work with multivariate spatial …

Homeowners at risk of default face a debt overhang that reduces their incentive to invest in
their property: in expectation, some value created by investments in the property will go to …

We demonstrate that asymmetric information between sellers (loan originators) and
purchasers (investors and securities issuers) of commercial mortgages gives rise to a …

We investigate whether introducing the collateral menus of liquid assets (eg, inventory and
accounts receivable) influences corporate hiring decisions. Our identification scheme treats …

We study the inefficiencies stemming from a firm's operating flexibility under debt. We find
that flexibility in replenishing or liquidating inventory, by providing risk-shifting incentives …

This article examines the cross‐sectional and time‐series determinants of commercial
mortgage credit spreads as well as the terms of the mortgages. Consistent with theory, our …

This article examines information and incentive problems that can exist in the market for
commercial mortgages that are pooled and repackaged as commercial mortgage-backed …