Corporate Diversification and Credit Constraints: Real Effects across the Business Cycle

By V. Dimitrov, Sheri Tice. 2006

143 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4a5ffdf46375bfeb5ef0bc581babe1a13a56f729

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. G. Bascle
2. Z. Tong
3. John Antonakis
4. Rodolphe Durand
5. Tommaso Minola
6. Philipp Sieger
7. M. Tempelaar
8. Eunmi Mun

In Economics and Econometrics

1. G. Bascle
2. Z. Tong
3. John Antonakis
4. Tommaso Minola
5. Rodolphe Durand
6. Philipp Sieger
7. Eunmi Mun
8. Jiwook Jung

In Finance

1. G. Bascle
2. Z. Tong

Citations in the corpus

• Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings (2010, unknown): “Next, Consistent with Opler and Titman (1994), Campello (2003), Campello and Fluck (2006) and Dimitrov and Tice (2006), we observe a negative association between two-years lagged Leverage and future market shares’ development (-0.008 with a t-stat of 3.65).”
• Controlling for endogeneity with instrumental variables in strategic management research (2008, background): “Hence specialized firms, because they have a higher risk profile, might have an increased propensity to diversify when the economy is in a downward period, to reduce their risk profile (see Dimitrov and Tice, 2006).”
• Firm Diversification and the Value of Corporate Cash Holdings (2011, background): “Dimitrov and Tice (2006) find that firm diversification alleviates credit constraints during recessions. Regarding the costs, firm diversification can be motivated by a manager’s empire-building preference as documented in Jensen (1986). Rajan, Servaes and Zingales (2000) argue that internal power s”