Does Asymmetric Information Drive Capital Structure Decisions

By Sreedhar T. Bharath, Paolo Pasquariello, Guojun Wu. 2009

658 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f6eb1d8920c4abca4a729df7cb54c50010c8f1ee

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Citations in the corpus

The spillover effects of MD&A disclosures for real investment: The role of industry competition (2019, neutral): “84 Firm-specific return variation](Bharath et al., 2009).”
Factors affecting corporate social responsibility disclosure in Egypt (2011, background): “Gearing Bharath et al. (2009) investigate the extent to which information asymmetry is”
Drivers behind the monitoring effectiveness of global institutional investors: Evidence from earnings management (2016, neutral): “In untabulated analysis, we follow the literature (e.g., Agrawal and Chadha, 2005, Bharath et al., 2009) and use two alternative proxies to measure whether a firm faces a higher level of information acquisition and processing costs, namely whether a firm engages one of the Big-4 auditors (Deloitte,…”
The Empirical Analysis of Liquidity (2014, background): “[2013], Bharath et al. [2013], and Norli et al.”
Information Asymmetry and the Value of Cash (2007, neutral): “to hypothesis 1). For example, Bharat et al. (2008) and Autore and Kovacs (2009) document that rms”
An Analysis of REIT Security Issuance Decisions (2010, positive): “Furthermore, there is growing evidence (see, e.g. , Bharath, Pasquariello and Wu 2009) to suggest that the pecking order does not hold in non-REIT firms where asymmetric information levels are likely to be low.”
The international zero-leverage phenomenon (2013, positive): “Following Bharath et al. (2009), we use principal component (PCA) analysis to derive the common informational component of firm size and age.”
Information asymmetry, leverage and firm value: Do crisis and growth matter? (2016, background): “Hence, information asymmetry and its relationship with financing decisions and valuation receives significant attention in the finance literature (e.g., Myers, 1984; Myers and Majluf, 1984; Botosan, 1997; Dierkens, 1991; Bharath et al., 2009).”
Corporate governance mechanisms and capital structure in UAE (2012, background): “In a recent study, Bharath et al. (2009) use a new information asymmetry index and study the degree of information asymmetry is considered as one of the determinants of corporate capital structure decisions.”