Macroeconomic Conditions and Capital Structure Adjustment Speed

By Douglas O. Cook, Tian Tang. 2010

437 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/ae274103e9470bdd87376c09a7c9300703ca9d23

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Justin Hung Nguyen
2. V. Dang
3. Hieu V. Phan
4. Çiğdem Vural-Yavaş

In Finance

1. Justin Hung Nguyen
2. V. Dang
3. Xiaohua Xia
4. Hieu V. Phan
5. Çiğdem Vural-Yavaş

Citations in the corpus

• Asymmetric Impact of Oil Price Shock on Stock Market in China: A Combination Analysis Based on SVAR Model and NARDL Model (2017, background): “In addition, Capital structure of listed companies is closely related with the value of a company, which has a pronounced pro-cyclical effect, with faster structure adjustment in an economic boom Cook and Tang (2010).”
• Carbon risk and corporate capital structure (2020, positive): “, Cook and Tang (2010)). However, in the models that control for firm and year fixed effects, we do not include the standalone Emitteri and Postt dummies because their explanatory powers are absorbed by these fixed effects. To address a possible endogenous controls problem (i.e., the “bad control” p”
• An empirical analysis of zero-leverage firms: New evidence from the UK ☆ (2013, background): “However, prior evidence in the literature suggests that capital structure decisions are affected, not only by firm-specific characteristics, but also by macroeconomic conditions (Korajczyk and Levy, 2003; Antoniou et al., 2008; Cook and Tang, 2010; Erel et al., 2012).”