Cash Flows and Leverage Adjustments

By Michael W. Faulkender, Mark J. Flannery, Kristine Watson Hankins, Jason M Smith. 2012

378 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c186b14cb3910657a6379a88fdfb80d0619bb204

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. Elena Alexandra Nenu
2. Seyedeh Mahbubeh Jafari
3. Jin Yu
4. Donghui Li
5. F. Sharifi
6. Ș. Gherghina
7. Georgeta Vintila
8. Zhe An

In Strategy and Management

1. Seyedeh Mahbubeh Jafari
2. Jin Yu
3. Donghui Li
4. F. Sharifi
5. Zhe An

Citations in the corpus

• Cash flows and leverage adjustments (2016, background): “Faulkender et al. (2012) recognized that cash flow realizations could provide opportunities to adjust leverage at relatively low marginal cost.”
• Firm crash risk, information environment, and speed of leverage adjustment (2015, positive): “Our paper is mostly related to Faulkender et al. (2012) and Oztekin and Flannery (2012), which employ dynamic partial adjustment models of capital structure to analyze the determinants of SOA.”
• The Impact of Capital Structure on Risk and Firm Performance: Empirical Evidence for the Bucharest Stock Exchange Listed Companies (2018, background): “Among recent studies supporting this theory we can mention Hovakimian (2006); Faulkender et al. (2012); Kayhan and Titman (2007).”