On the Debt Capacity of Growth Options

By Michael J. Barclay, Erwan Morellec, Clifford W. Smith. 2001

379 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/8c00a9c6c49a9c9790dbd1f68a4e07b4379f46f1

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Citations in the corpus

Financing and takeovers (2008, neutral): “Our paper also relates to the literature that examines the relation between growth options and debt financing (see Myers, 1977; Barclay, Morellec, and Smith, 2006).”
Trade-Off and Pecking Order Theories of Debt (2007, background): “The relation between leverage and growth features in many different cross-sectional studies including those by Bradley et al. (1984), Long and Malitz (1985), Smith and Watts (1992), Barclay et al.”
Financial Flexibility and Capital Structure Decision (2011, background): “Barclay, Smith, and Morellec (2006) also argue that higher costs and lower benefits of 3 Kaplan and Stromberg (2003) find that small growing firms face not only different types of contracts but also significantly more restrictive agreements within the same debt financing contract than large firms.”
Corporate Investment and Financing Under Asymmetric Information (2011, neutral): “…of debt divided by the value of the firm) and growth options documented in the literature examining the relation between firms’ leverage choices and the composition of their investment opportunity sets (see Smith and Watts, 1992, Rajan and Zingales, 1995, or Barclay, Morellec, and Smith, 2006).”
Capital structure decisions: Evidence from deregulated industries (2010, neutral): “Market leverage regressions are not acceptable for this test because of low power (Barclay, Smith, and Morellec, 2006).”
The Determinants of Bank Capital Structure (2010, neutral): “13 Exceptions are Barclay et al. (2006) who focus on book leverage and Welch (2004) who argues for market leverage.”
The Determinants of Capital Structure: Evidence from Chinese Listed Companies (2005, background): “And Barclay et al. (2006) justify the use of book value as there might be spurious relation between market value measurement and Tobin’s q.”
Managerial Incentives and Risk-taking (2006, neutral): “The coefficients on the other control variables are generally qualitatively similar to those estimated in earlier studies (e.g., Rajan and Zingales, 1995; Barclay et al., 2003).”