Interactions of corporate financing and investment decisions: The effects of agency conflicts

By Paul D. Childs, David C. Mauer, S. Ott. 2005

339 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9752cd3f4d27321553b64413b40d53847ceb1149

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Citations in the corpus

Financial reporting quality, debt maturity and investment efficiency (2014, background): “Theoretical models (Myers, 1977; Childs et al., 2005) predict that the higher flexibility of shorter maturities is useful in improving investment inefficiencies, although there is limited evidence for this, especially in relation to overinvestment.”
Growth Opportunities and the Choice of Leverage, Debt Maturity, and Covenants (2007, methodology): “2 Interestingly, Denis and Mihov (2003) find no significant difference in growth opportunities between public and private borrowers.”
Accounting Conservatism and Firm Investment Efficiency (2016, positive): “However, a large stream of literature subsequently shows that information frictions drive linkages between financing and investment decisions (Myers, 1977, 1984; Childs et al., 2005).”
Optimal Priority Structure, Capital Structure, and Investment (2012, neutral): “• We believe that this result has not been discussed in the literature, even though it is clearly present in many other dynamic models (e.g., Childs, Mauer, and Ott (2005)).”
Managerial Traits and Capital Structure Decisions (2008, neutral): “More recent studies of this case include Mello and Parsons (1992), Parrino and Weisbach (1999), Mauer and Ott (2000), and Childs, Mauer, and Ott (2005), while Mauer and Triantis (1994) focus their analysis on firm value-maximizing investment. discrepancy between first-best and second-best default,…”
The Value of Financial Flexibility (2008, background): “6Debt agency problems have been examined in a dynamic setting by Mello and Parsons (1992), Childs, Mauer, and Ott (2005), Titman and Tsyplakov (2005) and Moyen (2007).”