A Dynamic Model of Optimal Capital Structure

By Sheridan Titman, S. Tsyplakov. 2002

400 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/72320a7c8668f83838229c16235b5ee20e5f6f66

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Citations in the corpus

Interactions of corporate financing and investment decisions: The effects of agency conflicts (2005, background): “3 The Titman and Tsyplakov (2002) model allows for additions to or maintenance of an existing set of assets-in-place, but does not allow the firm to change the risk or return of assets-in-place.”
Corporate Governance and the Dynamics of Capital Structure: New Evidence (2014, neutral): “…of literature examines the inﬂuences of agency problems between shareholders and debtholders, such as underinvestment (e.g., Ju and Ou-Yang, 2006; Titman and Tsyplakov, 2007; Sundaresan and Wang, 2007; Hackbarth, 2008; Pawlina, 2010; Dang, 2011; Hackbarth and Mauer, 2012) and asset substitution…”
Cash Flows and Leverage Adjustments (2012, neutral): “Hennessy (2005), Titman and Tsyplakov (2007), and DeAngelo,”
Dividend Dynamics and the Term Structure of Dividend Strips (2015, positive): “Although empirical tests for leverage stationarity have shown limited success (e.g., Fama and French (2002)), if target ratios change over the business cycle, then the speed of adjustment may be biased (e.g., Titman and Tsyplakov (2007)).”
Institutional Determinants of Capital Structure Adjustment Speeds (2012, background): “1 Prior research has emphasized that investment opportunities could affect capital structure revisions (Brennan and Schwartz, 1984; Berk, Green, and Naik, 1999; Titman and Tsyplakov, 2007; Hennessy and Whited, 2005; Strebulaev, 2007; DeAngelo, DeAngelo, and Stulz, 2010), but the more limited partial”