A Century of Capital Structure: The Leveraging of Corporate America

By Aditya Jadhav. 2016

208 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/82578280e5490ed9212fb3b951b851722f994bd3

Citations in the corpus

• Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation (2015, unknown): “The average leverage of non financial firms (debt over debt plus equity) is 0.4, as shown for instance in Graham et al. (2012).”
• Institutions and corporate capital structure in the MENA region (2016, unknown): “7 Following prior work (Ozkan, 2001; Fama and French, 2002; Leary and Roberts, 2005; Flannery and Rangan, 2006; Kayhan and Titman, 2007; Lockhart, 2010; Gungoraydinoglu and Öztekin, 2011; Oztekin and Flannery, 2012; Flannery et al., 2013; among others), we use a dynamic partial adjustment model.”
• Rents, Technical Change, and Risk Premia (2017, unknown): “Yet others have argued that the decrease in the relative price of investment goods is the main culprit (see e.g. Karabarbounis and Neiman (2014)) by adopting a different focus and relying on the cross-country variation in changes in the labor share.”
• The History of the Cross Section of Stock Returns (2016, unknown): “This shift coincides with the shift away from tangible to intangible capital investment (Bond et al., 2000), and the growing importance of debt as a source of financing (Graham et al., 2015).”
• Credit-Market Sentiment and the Business Cycle (2017, unknown): “This is all closely consistent with the results in Greenwood and Hanson (2013). Turning to the upper panel of Table 2, column (1) shows that this approach yields an estimate of the impact of ∆ŝt on ∆yt that is strongly statistically significant. We interpret this as saying that the component of cred”