A review of empirical capital structure research and directions for the future
This article reviews empirical capital structure research, concentrating on papers published
since 2005. We begin by documenting three dimensions of capital structure variation: cross …
since 2005. We begin by documenting three dimensions of capital structure variation: cross …
Accounting information in financial contracting: The incomplete contract theory perspective
HB Christensen, VV Nikolaev… - Journal of …, 2016 - Wiley Online Library
This paper reviews theoretical and empirical work on financial contracting that is relevant to
accounting researchers. Its primary objective is to discuss how the use of accounting …
accounting researchers. Its primary objective is to discuss how the use of accounting …
Corporate immunity to the COVID-19 pandemic
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 …
returns to COVID-19 cases using data on more than 6,700 firms across 61 economies. The …
Presidential address: Corporate finance and reality
JR Graham - The Journal of Finance, 2022 - Wiley Online Library
This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …
The risk of being a fallen angel and the corporate dash for cash in the midst of COVID
VV Acharya, S Steffen - The Review of Corporate Finance …, 2020 - academic.oup.com
Data on firm-loan-level daily credit line drawdowns in the United States expose a corporate
“dash for cash” induced by the COVID-19 pandemic. In the first phase of the crisis, which …
“dash for cash” induced by the COVID-19 pandemic. In the first phase of the crisis, which …
Bank liquidity provision across the firm size distribution
We use supervisory loan-level data to document that small firms (SMEs) obtain shorter
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …
maturity credit lines than large firms, post more collateral, have higher utilization rates, and …
Are firms motivated to greenwash by financial constraints? Evidence from global firms' data
D Zhang - Journal of international financial management & …, 2022 - Wiley Online Library
Corporate social responsibility is the balance between a firm's economic outcomes and
environmental protection. However, investors face increasing difficulties in selecting assets …
environmental protection. However, investors face increasing difficulties in selecting assets …
[PDF][PDF] The credit line channel
Aggregate US bank lending to firms expands following several adverse macroeconomic
shocks, such as the outbreak of COVID-19 or a monetary policy tightening. Using loan-level …
shocks, such as the outbreak of COVID-19 or a monetary policy tightening. Using loan-level …
Does green innovation mitigate financing constraints? Evidence from China's private enterprises
Y Zhang, C Xing, Y Wang - Journal of cleaner production, 2020 - Elsevier
In recent years, corporate green innovation has become a hot topic in society and academia,
but the relationship between green innovation and financing conditions is less frequently …
but the relationship between green innovation and financing conditions is less frequently …
Policy uncertainty and firm cash holdings
This research examines the relation between government economic policy uncertainty and
firm cash holdings. We find evidence that policy uncertainty is positively related to firm cash …
firm cash holdings. We find evidence that policy uncertainty is positively related to firm cash …