Optimal Capital Structure and Industry Dynamics
By Jianjun Miao. 2005
284 citations recorded by the source corpus.
View Paper: https://www.semanticscholar.org/paper/68753650bacd4dd04dfb5968d32e19931a4df0a5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
Citations in the corpus
- Entrepreneurial Finance and Nondiversifiable Risk (2009, unknown): “As shown in Miao and Wang (2007), G(y) is the entrepreneur's certainty equivalent wealth per unit of the entrepreneur's inside equity of the firm.”
- Capital structure determinants: an empirical study of French companies in the wine industry (2008, background): “For an in depth analysis of industry dynamics on capital structure, see Miao, 2005 .”
- Capital Structure, CEO Dominance, and Corporate Performance (2011, unknown): “Because capital structure can be influenced by industry effects (Miao, 2005), we use industry-adjusted leverage.(5) The primary variable of interest is the CEO’s pay slice (CPS), which gauges the degree of CEO dominance. To the extent that CEO dominance has a palpable effect on leverage, the coeffic”
- The Determinants of Capital Structure: Capital Market-Oriented versus Bank-Oriented Institutions (2008, unknown): “…(2005) Flannery and Rangan (2006), Hovakimian (2004), Johnson (1998), Mao (2003), Myers (1977), Rajan and Zingales (1995), Maksimovic et al. (1999), Miao (2005) Fixed assets ratio Alderson and Betker (1995), Flannery and Rangan (2006), Mao (2003), Myers (1977), Scott (1977), Titman and Wessels…”
- Financing and takeovers (2008, unknown): “Finally, our paper also contributes to the literature that examines the relation between competition and capital structure within contingent claims models by considering the impact of investment opportunities on financing strategies (see Lambrecht, 2001; Miao, 2005; Zhdanov, 2007).”
- Institutions and corporate capital structure in the MENA region (2016, unknown): “, for instance,MacKay and Phillips (2005) andMiao (2005) for evidence on the importance of including industry dummies in anal-”
- A theory of corporate financial decisions with liquidity and solvency concerns (2011, unknown): “As in numerous contingent claims models of capital structure, a closed-form solution is available under the simplifying assumption that debt is issued only once at the initial date (Leland, 1994; Leland and Toft, 1996; Fan and Sundaresan, 2000; Duffie and Lando, 2001; Miao, 2005; Hackbarth, Hennessy”