Redefining Financial Constraints: A Text-Based Analysis

By C. Ball, Gerard Hoberg, Vojislav Maksimovic. 2014

148 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/df06e5d28e55b29206ad4e70967b08e75880d837

Citations in the corpus

• Using 10-K Text to Gauge Financial Constraints (2015, unknown): “In a paper complementary to ours, Hoberg and Maksimovic (2014) also use textual analysis of 10-Ks to identify financially constrained firms.”
• Offshore activities and financial vs operational hedging (2017, unknown): “Financially Constrained is a financial constraints measure from Hoberg and Maksimovic (2015) with higher values indi- cating that firms are more at risk of delaying their investments due to issues with liquidity.”
• CEO Investment cycles (2016, unknown): “Using a text-based approach to measure the existence of financial constraints, Hoberg and Maksimovic (2015) estimate that during the 2008– 2009 financial crisis, a one-standard-deviation increase in financial constraint is associated with a decrease in the annual corporate investment rate (CAPX scal”