Results 11 to 20 of about 150,576 (312)
Capital Structure and Debt Structure [PDF]
Review of Financial Studies, 2008 Using a novel data set that records individual debt issues on the balance sheets of public firms, we demonstrate that traditional capital structure studies that ignore debt heterogeneity miss substantial capital structure variation. Relative to high credit quality firms, low credit quality firms are more likely to have a multi-tiered capital structure ...
Joshua D. Rauh, Amir Sufi
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Human Capital, Bankruptcy, and Capital Structure [PDF]
The Journal of Finance, 2008 ABSTRACTWe derive the optimal labor contract for a levered firm in an economy with perfectly competitive capital and labor markets. Employees become entrenched under this contract and so face large human costs of bankruptcy. The firm's optimal capital structure therefore depends on the trade‐off between these human costs and the tax benefits of debt ...
Josef Zechner +3 more
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Does the Source of Capital Affect Capital Structure? [PDF]
SSRN Electronic Journal, 2003 Empirical examinations of capital structure have led some to conclude that firms are underlevered. Implicit in this argument and much of the empirical work on leverage is the assumption that the availability of incremental capital depends solely on the risk of the firm's cash flows and characteristics of the firm.
Michael W. Faulkender +1 more
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Collateral and capital structure [PDF]
Journal of Financial Economics, 2012 We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to collateralize promises to pay with tangible assets. Both financing and risk management involve promises to pay subject to collateral constraints. Leasing is strongly collateralized costly financing and permits greater leverage.
Adriano A. Rampini +3 more
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The Capital Structure of Nations [PDF]
SSRN Electronic Journal, 2017 We take a corporate finance approach to the question of countries' funding of investments via foreign-currency denominated debt or domestic-currency claims. We ask what is the optimal capital structure of a nation? A key conceptual innovation we introduce is an analogy between a nation's money-claims and corporate equity.
Patrick Bolton, Haizhou Huang
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The Theory of Capital Structure [PDF]
The Journal of Finance, 1991 ABSTRACTThis paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (but excluding tax‐based theories). For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are described in
Harris, Milton, Raviv, Artur
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Inflation and Capital Structure [PDF]
SSRN Electronic Journal, 2001 This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple empirical model considering the main results of the current theoretical development is studied, using microdata from a number of American corporations.
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Nanophotonics, 2019 Tunable plasmon-exciton coupling is demonstrated at room temperature in hybrid systems consisting of Ag@Au hollow nanoshells (HNSs) and J-aggregates. The strong coupling depends on the exciton binding energy and the localized surface plasmon resonance ...
Sun Linchun +3 more
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Determinanty struktury kapitałowej w teoriach substytucji
Studia i Materiały, 2012 he goal of this article is identification and estimation of the influence of chosen determinants on corporate capital structure according to the trade-off theories (i.e. bankruptcy cost theory and agency cost theory).
Marek Barowicz
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