External Finance Constraints and the Intertemporal Pattern of Intermittent Investment
By Toni M. Whited. 2006
174 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/d034e0a15bc03945cd683f28091decaedeb0f9bb
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Citations in the corpus
- Financing Constraints, Firm Dynamics, Export Decisions and Aggregate productivity (2011, background): “…investment decisions, and especially the timing of large fixed investments, are affected by the presence of borrowing constraints (see, for example, Whited, 2006), and the firm-dynamics literature, which has recently emphasized the contribution of inter-firm reallocation to industry productivity…”
- Optimal Priority Structure, Capital Structure, and Investment (2012, unknown): “21 Whited (2006) uses a hazard model to study the influence of financing constraints on the timing of investment.”
- The impact of financial constraints on firm survival and growth (2007, unknown): “Savignac (2006) Survey data (firm self-assessment) Whited (2006) Dividend policy”
- The Influence of Governance on Investment: Evidence from a Hazard Model (2011, unknown): “Whited (2006) proposes an empirical approach that alleviates the concerns of potential measurement error in proxies for investment opportunities and the lumpy nature of investment.”
- Management Forecast Quality and Capital Investment Decisions (2014, unknown): “…relation between managerial tasks that draw on common forecasting ability, our 3 See e.g., Fazzari et al. (1988), Wurgler (2000), Biddle and Hilary (2006), Richardson (2006), Whited (2006), Acharya, Almeida, and Campello (2007), McNichols and Stubben (2008), and Biddle, Hilary, and Verdi (2009).”
- Tax Rates and Corporate Decision Making (2017, unknown): “Following a long list of prior studies (Whited, 2006; Bloom et al., 2007; Badertscher et al., 2013; Shroff et al., 2014; Asker et al., 2015), we proxy for investment opportunities using Tobin’s Q and Sales Growth.38 While these proxies are measured with error (as in prior research), our inferences…”
- Corporate Investment and Financing Under Asymmetric Information (2011, unknown): “Insert Table 1 Here To quantify the effects of adverse selection on the timing of investment, we can examine the relation between asymmetric information and a firm’s investment hazard, defined as the probability of undertaking the project as a function of time (as in Whited, 2006).”