Capital Structure Dynamics and Transitory Debt

By H. DeAngelo, L. DeAngelo, Toni M. Whited. 2011

518 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/69ee0863e02e4ff32d146c3274cd07bfaafa55a8

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Citations in the corpus

Financial Flexibility and Capital Structure Decision (2011, result): “DeAngelo et al. (2011) also provide interesting results with financial flexibility consideration in the capital structure decision which are generally consistent with our findings.”
Financial Flexibility, Investment Ability, and Firm Value: Evidence from Firms with Spare Debt Capacity (2010, result): “In particular, our evidence is broadly consistent with DeAngelo et al. (2010).”
Why Do Firms Use High Discount Rates (2016, background): “If these firms also face nonfinancial constraints (a possibility we investigate directly below), then they will choose to retain financial flexibility (DeAngelo, DeAngelo, and Whited, 2011) and be more selective in the projects they take so as not to crowd out better opportunities in the future.”
Government debt and corporate leverage: International evidence (2019, background): “2See for example, Hennessy and Whited (2005), Strebulaev (2007), DeAngelo, DeAngelo, and Whited (2011), and DeAngelo and Roll (2015). 3See for example, Taggart (1986), Korajczyk and Levy (2003), Welch (2004), Faulkender and Petersen (2005), Frank and Goyal (2007), Sufi (2007), Leary (2009), Chernenk”
The international zero-leverage phenomenon (2013, unknown): “25 DeAngelo et al. (2011) similarly argue that firms with low retained earnings tend to be in the capital infusion stage; these firms are likely to be developing firms with a higher need for financial flexibility.”
The Dynamics of Cash (2010, background): “For example, the slow SOA in DeAngelo et al. (2010) is a result of intentional deviations from the target as a response to shocks to investment opportunities.”
Deviation from the Target Capital Structure and Acquisition Choices (2011, unknown): “, excess return on market (MKT), small-minus-big return (SMB), high-minus-low return (HML), and momentum (UMD)—from the Fama and French (1992) and Carhart (1997) models in Equation 8.”
Financing Major Investments: Information About Capital Structure Decisions (2014, background): “These financing patterns are consistent with DeAngelo et al.'s (2011) model of capital structure dynamics with endogenous investment, which predicts that Built investment “spikes” are financed almost entirely by”
A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management (2011, unknown): “24 DeAngelo, DeAngelo and Whited (2009) make a similar observation.”