Costly external finance, corporate investment, and the subprime mortgage credit crisis

By R. Duchin, O. Ozbas, Berk A. Sensoy. 2010

1,407 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/3a39c3c116d858abf48c83bba076b0072aebe584

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Citations in the corpus

Trade Credit, the Financial Crisis, and SME Access to Finance (2013, neutral): “…includes, in particular, papers that have examined how corporate liquidity affected corporate investment during the crisis (e.g., Campello et al. 2010 and Duchin et al. 2010) and more generally the interaction among financial distress, corporate liquidity and asset allocation (Almeida et al. 2012).”
Refinancing Risk and Cash Holdings (2013, neutral): “This is not surprising as we include in both equations firm size, which is a widely used proxy for a firm’s ability to access external capital and which Faulkender and Petersen (2006) show is a statistically and economically important determinant for whether a firm has a bond rating.”
Corporate Debt Maturity and the Real Effects of the 2007 Credit Crisis (2011, neutral): “Similarly to our paper, Duchin, Ozbas, and Sensoy (2010) focus on the impact of the credit crisis on corporate investment.”
Policy uncertainty and corporate credit spreads (2020, neutral): “To test this conjecture, we construct a measure of external finance dependence that is based on work by Duchin et al. (2010). We then define a dummy variable, EFD, that equals one if a firm’s level of external finance dependence is greater than that of its industry median in a given year, and equals”
Is working capital management value-enhancing? Evidence from firm performance and investments (2015, positive): “Moreover, in the performance regressions, following the literature, we consider as additional control variables the market value of equity (as a proxy for firm size), leverage, risk, and intangible assets (see, e.g., Coles et al. (2008), Duchin et al. (2010a)).”
Does the financial crisis change the effect of financing on investment? Evidence from private SMEs (2020, positive): “Following Duchin et al. (2010) and Vermoesen et al. (2013), firms whose total assets doubled during one of the years of the sample period and those firms with negative equity are excluded to omit the effects of mergers and acquisitions or other significant restructurings.”
Corporate Leverage, Debt Maturity and Credit Supply: The Role of Credit Default Swaps (2013, background): “Faulkender and Petersen (2006) find that firms with access to public debt markets (i.e., a credit rating) have substantially more debt in their capital structures. Sufi (2009) shows that firms with a loan rating use more debt after the introduction of syndicated bank loan ratings. Lemmon and Roberts”
Do Traditional Financial Distress Prediction Models Predict the Early Warning Signs of Financial Distress? (2019, background): “During Crisis (2007–2009) A large number of companies around the world faced difficulties in survival during the financial crisis (Duchin et al. 2010; Vermoesen et al. 2013).”