Financing of corporations

By S. Myers. 2003

333 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1a2f89a52e7bcc22f45cfa8be462a433d23cc6b0

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Citations in the corpus

The Effects of Firm-Initiated Clawback Provisions on Bank Loan Contracting (2013, background): “First, bank loans represent one of the most important sources of debt financing (Myers 2003) and bank loan contracts are closely tied to accounting numbers (Drucker and Puri 2009).”
The Pecking Order, Debt Capacity, and Information Asymmetry (2010, unknown): “Likewise, Myers (2003) illustrates how incentive conflicts, in the sense of Jensen and Meckling (1976), can generate a similar pecking order because the costs of private benefits stay internalized with a debt issuance but are shared with outside shareholders with an equity issuance.”
Trade-Off and Pecking Order Theories of Debt (2007, background): “Myers (2003) points out that some versions of agency theory imply a financing hierarchy.”
Opportunity makes a thief (2018, background): “Besides that, relatively having too much debt (or equity) can result in several agency costs, such as asset substitution and empire building (Myers, 2003).”
Determinant Factors of the Capital Structure of a Firm- an Empirical Analysis☆ (2014, background): “…companies with great opportunities for expansion, but also the least profitable firms, with a high percentage of current assets will have a low level of debt while large companies with stable cash-flows and a high proportion of noncurrent tangible assets will be highly leveraged (Myers, 2003).”
Determinants of capital structure: evidence from a major developing economy (2014, unknown): “However, as Myers (2003) argued, different factors might affect different types of firms in fundamentally different ways.”
The Determinants of Capital Structure: Evidence from China (2002, unknown): “Since Modigliani and Miller published their seminal paper in 1958, the issue of capital structure has generated great interest among financial researchers (see an excellent survey by Harris & Raviv, 1991, and another survey covering new development after 1990 by Myers, 2003).”
Accounting Conservatism and Firm Investment Efficiency (2016, unknown): “This occurs because conservatism triggers the timely violation of debt covenants (Zhang, 2008; Nikolaev, 2010) and promotes the early transfer of control rights to debtholders, thus addressing the concealment problem identified by Myers (2003).”
Minority Shareholders’ Control Rights and the Quality of Corporate Decisions in Weak Investor Protection Countries: A Natural Experiment from China (2013, background): “…of the sample firms across the two time periods, we follow existing corporate finance research (Jung et al. 1996; Berger et al. 1997; Myers 2003; Leary and Roberts 2010) by including the following common equity financing determinants: Q, CASH, CFO, LEV, VOLATILITY, AR12, ASSETS, and…”