This article reviews empirical capital structure research, concentrating on papers published
since 2005. We begin by documenting three dimensions of capital structure variation: cross …

We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

We evaluate the connection between corporate characteristics and the reaction of stock
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …

I examine corporate green bonds, whose proceeds finance climate-friendly projects. These
bonds have become more prevalent over time, especially in industries where the …

Firms with greater financial flexibility should be better able to fund a revenue shortfall
resulting from the COVID-19 shock and benefit less from policy responses. We find that firms …

Abstract We examine how Corporate Social Responsibility (CSR), jointly with influential
institutional ownership (IO), affects firm value around the 2008 global financial crisis. We find …

We study the role of financial frictions and firm heterogeneity in determining the investment
channel of monetary policy. Empirically, we find that firms with low default risk—those with …

ABSTRACT During the 2008–2009 financial crisis, firms with high social capital, as
measured by corporate social responsibility (CSR) intensity, had stock returns that were four …

Using a dataset covering about 276,998 firms across 75 countries over the period 2004–
2011, this paper examines the short-run evolution of firms' capital structures following the …

We study the impact of higher capital requirements on banks' balance sheets and their
transmission to the real economy. The 2011 EBA capital exercise is an almost ideal quasi …