The Effect of State Laws on Capital Structure

By J. Wald, M. Long. 2007

118 citations recorded by the source corpus.

How researchers see this paper

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

Do Shareholder Rights Affect the Cost of Bank Loans (2009, background): “According to Fiflis (1991) (also see Rankine and Stice (1997), Peterson and Hawker (1997),Wald and Long (2007), Chava, Kumar and Warga (2007)), state corporation laws have used one (or some combination) of four basic approaches to limiting dividend distributions: (1) a test based on the balance…”
Corporate Governance and the Dynamics of Capital Structure: New Evidence (2014, unknown): “A substantial amount of literature has documented the importance of corporate governance for analyzing a ﬁrm’s ﬁnancing choices (e.g., Jensen, 1986; Zwiebel, 1996; Berger et al., 1997; Garvey and Hanka, 1999; Harvey et al., 2004; Morellec, 2004; Wald and Long, 2007).”
What do dividends tell us about earnings quality? (2009, unknown): “New York permits the payment of dividends out of surplus as long as the net assets after the payment are at least equal to the stated capital (Wald and Long 2007).”