The Cyclical Behavior of Debt and Equity Finance

By Francisco B. Covas, W. D. Haan. 2011

290 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3d29e26ae80ffdd382d477cadbe68609cd5b7df6

Citations in the corpus

• Fiscal Policies and Asset Prices (2012, unknown): “Croce, Nguyen, and Schmid (2011) explain this empirical finding in a model in which growth is endogenously promoted by accumulation of patents (as in Romer (1990)).”
• Credit Risk and Disaster Risk (2013, unknown): “(21) 30A similar result holds for shocks to p or disaster realizations: the effect of a given shock is more pronounced when the economy has a higher outstanding debt.”
• Exploring the sources of default clustering (2018, unknown): “For example, Duffie et al. (2007) find that default probabilities of U.S. industrials rise when short-term interest rates decline. Lando & Nielsen (2010) document that U.S. industrial default probabilities also rise when the Treasury yield curve becomes steeper and when the U.S. industrial productio”
• Monetary Policy, Corporate Finance and Investment (2018, unknown): “In line with Davis et al. (1996), the second row confirms a sharp negative association between growth and years since incorporation; the third row shows that older companies tend to experience lower Tobin’s Q values, while the fourth row reveals that younger firms tend to have smaller or even negati”
• Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle (2018, unknown): “(2011) and Croce et al. (2012) study the effects of taxation in the presence of uncertainty shocks. Their setups are similar to ours in that they combine a representative household, a trade-off theory of capital structure and aggregate uncertainty shocks (in their case, changes in stochastic volatil”