Collateral and Capital Structure

By Adriano A. Rampini, S. Viswanathan, M. Brennan, Francesca Cornelli, Andrea L. Eisfeldt, Michael J. Fishman, P. Gottardi, Dmitry Livdan, Ellen R Mcgrattan, Lukas Schmid and 3 more. 2009

449 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/f036ca982f105786b5f84e7af9c14c8bd6111795

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Citations in the corpus

How Collateral Laws Shape Lending and Sectoral Activity (2016, unknown): “…(2005), Jimenez et al. (2006), Gan (2007), Djankov et al. (2007), Ono and Uesugi (2009), Benmelech (2009), Benmelech and Bergman (2009, 2011), Berger et al. (2011, 2013), Godlewski and Weill (2011), Chaney et al. (2012), Rampini and Viswanathan (2013), Campello and Giambona (2013), and Mann (2015).”
Real Assets and Capital Structure (2013, unknown): “In particular, our conclusions remain unchanged if we capitalize operating leases as in Rampini and Viswanathan (2013) and add this value to leverage and tangibility in our regressions.”
Uncertainty Shocks and Balance Sheet Recessions (2017, background): “Rampini and Viswanathan (2010, 2013) also study the concentration of aggregate risk, focusing on the trade-off between financing and risk sharing.”
Dynamic Risk Management (2014, background): “Our model of commodity price risk management thus maps into the environment with productivity shocks only studied by Rampini and Viswanathan (2013) and we defer to that paper for proofs that are not provided here.”
Market Timing, Investment, and Risk Management (2012, unknown): “Second, Rampini and Viswanathan (2010, 2011) develop dynamic models of collateralized financing, in which the firm has access to complete markets but is subject to endogenous collateral constraints induced by limited enforcement.”
Two Common Problems in Capital Structure Research: The Financial-Debt-To-Asset Ratio and Issuing Activity Versus Leverage Changes (2011, background): “Similarly, leverage could include operational leverage, such as leases (Rampini and Viswanathan 2010) and/or technology that is more fixed-cost oriented.”
Firing Costs and Capital Structure Decisions (2016, unknown): “To calculate the value of leases, I follow Rampini and Viswanathan (2013) and capitalize annual rental expenses at a 10% discount rate for all firms.”
Leasing and Secondary Markets: Theory and Evidence from Commercial Aircraft (2011, unknown): “…I assume that carriers’ long-run productivity z does not change while .s p 0 Lessors acquire aircraft at the market price p and rent them at a perperiod lease rate l. Lessors have to spend mp on each unit of capital in monitoring costs (Eisfeldt and Rampini 2009; Rampini and Viswanathan 2010).”
Intangible assets and capital structure (2020, unknown): “Furthermore, repossessing intangibles in case of default or bankruptcy is difficult, and agency problems can prevent the efficient use of intangible assets in production processes by anyone other than the owners of the intangible assets (Rampini and Viswanathan 2013).”