We investigate the corpus of literature on firm exit by means of a systematic literature review
(SLR) which yields a final sample of 142 journal articles for the period 1991–2020. The …

I survey and assess the development of continuous‐time methods in finance during the last
30 years. The subperiod 1969 to 1980 saw a dizzying pace of development with seminal …

This paper empirically shows that the cost of bank debt is systematically higher for firms that
operate in competitive product markets. Using various proxies for product market …

This paper shows that large cash reserves lead to systematic future market share gains at
the expense of industry rivals. Using shifts in import tariffs to identify exogenous …

We examine the importance of industry to firm-level financial and real decisions. We find that
in addition to standard industry fixed effects, financial structure also depends on a firm's …

This paper develops a framework for analyzing the impact of macroeconomic conditions on
credit risk and dynamic capital structure choice. We begin by observing that when cash flows …

Capital structure is most significant discipline of company's operations. This researcher
constitutes an attempt to identify the impact between Capital Structure and Companies …

We examine interactions between flexible financing and investment decisions in a model
with stockholder–bondholder conflicts over investment policy. We find that financial flexibility …

This paper provides a competitive equilibrium model of capital structure and industry
dynamics. In the model, firms make financing, investment, entry, and exit decisions subject to …

This paper introduces incomplete information and preemption into an equilibrium model of
firms facing real investment decisions. The optimal investment strategy may lie anywhere …