Asset Pricing Implications of Firms' Financing Constraints

135 citations recorded by the source corpus.

Citations in the corpus

The Role of Debt and Equity Finance Over the Business Cycle (2012, unknown): “Empirical evidence for this channel is provided by Gomes, Yaron, and Zhang (2006), who show that the shadow cost of external funds exhibits strong cyclical variation.”
Long-Run Productivity Risk: A New Hope for Production-Based Asset Pricing? (2014, unknown): “…are endogenous (Kung689 and Schmid 2010) and should be embodied in the analysis of both fiscal and monetary policies.690 Finally, long-run shocks should be added to cross-sectional studies (see, among others, Belo et al.691 2012 and Gomes et al. 2006).692 References693 Ai, H., Kiku, D., 2012.”
External Finance Constraints and the Intertemporal Pattern of Intermittent Investment (2006, unknown): “However, recent work by Gomes, Yaron, and Zhang (2006) finds little evidence of financing constraints using a closely related approach.”
Equilibrium Cross Section of Returns (2003, unknown): “In addition to Berk et al. (1999), recent examples include Cochrane (1996), Gomes, Yaron, and Zhang (2002), and Zhang (2002).”
Financial Constraints, R&D Investment, and Stock Returns (2011, unknown): “This article contributes to the literature on the relation between financial constraints and average stock returns (e.g., Lamont, Polk, and Saá-Requejo 2001; Whited and Wu 2006; Gomes, Yaron, and Zhang 2003, 2006; and Li, Livdan, and Zhang 2009).”