Explaining Corporate Capital Structure: Product Markets, Leases, and Asset Similarity

By Josh Rauh, Amir Sufi. 2012

172 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/31f06401fd86cf577af9e7fe4e9e0db1d96d1236

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. S. Viswanathan
2. C. M. Lee
3. C. Wang
4. Adriano A. Rampini
5. Amir Sufi
6. Paul Ma
7. J. Murfin
8. Michael R. Roberts

In Finance

1. S. Viswanathan
2. C. M. Lee
3. C. Wang
4. Adriano A. Rampini
5. Amir Sufi
6. Paul Ma
7. Michael R. Roberts
8. Atif R. Mian

Citations in the corpus

• The Mystery of Zero-Leverage Firms (2013, unknown): “Rampini and Viswanathan ( 2010 ) and Rauh and Sufi ( 2012 ) propose including the capitalized value of operating leases in total debt valuation .”
• Search Based Peer Firms: Aggregating Investor Perceptions through Internet Co-Searches (2015, background): “The idea that “industry” benchmarks could be firm-specific has been raised in recent research such as Hoberg and Phillips (2010, 2014), Rauh and Sufi (2012), Lewellen (2013). it is easy to interpret.”
• Long-Run Productivity Risk: A New Hope for Production-Based Asset Pricing? (2014, unknown): “My calibration of φlev is consistent with the amount341 of financial leverage measured by Rauh and Sufi (2012) and is conservative with respect to the342 empirical findings of Garcia-Feijo and Jorgensen (2010).”
• Firing Costs and Capital Structure Decisions (2016, unknown): “…for potential underestimation of a firm’s true degree of financial leverage by ignoring operating lease commitments (Eisfeldt and Rampini (2009), Rauh and Sufi (2012)).24 In Internet Appendix Tables IAII to IAV, I also document that the negative relation between the adoption of the good faith…”
• Dynamic Risk Management (2014, background): “…literature emphasizes the importance of leasing for financially constrained firms in general (see Sharpe and Nguyen, 1995; Eisfeldt and Rampini, 2009; Rampini and Viswanathan, 2013; and Rauh and Sufi, 2012) and for airlines in particular (see Benmelech and Bergman, 2008; and Gavazza, 2010, 2011).”