The Response of Corporate Financing and Investment to Changes in the Supply of Credit
By Michael L. Lemmon, Michael R. Roberts. Journal of Financial and Quantitative Analysis, 2010
575 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/fe85ac7777fe5e7704d7ed610e9a48e0fc21f606
How researchers see this paper
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In Accounting
- Gary Gang Tian
- Igor Cunha
- Linda Allen
- Felipe Restrepo
- Xiaofei Pan
- Heitor Almeida
- Shafique Ur Rehman
- Andrew D. MacKinlay
In Economics and Econometrics
- Yi Tang
- Linda Allen
- Felipe Restrepo
- Igor Cunha
- Xiaofei Pan
- Heitor Almeida
- Shafique Ur Rehman
- Andrew D. MacKinlay
In Finance
- Yi Tang
- Linda Allen
- Turan G. Bali
- Igor Cunha
- Gary Gang Tian
- Felipe Restrepo
- Xiaofei Pan
- Heitor Almeida
Citations in the corpus
- The Mystery of Zero-Leverage Firms (2013, unknown): “To ensure the robustness of the matching procedure , we also construct a matched sample using a propensity score methodology similar to that of Lemmon and Roberts ( 2010 ) .”
- Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010, unknown): “More recently, Lemmon and Roberts (2009) study the effects of the collapse of the junk-bond market in the early 1990s on the investment of firms who were historically dependent on junk-bond financing.”
- Real Assets and Capital Structure (2013, unknown): “Lemmon and Roberts (2010) use the 1989 collapse of the junk bond market to study the effect of a credit supply shock on bond issuers.”
- The impact of recent financial shocks on the financing and investment policies of UK private firms (2013, background): “firms, which is independent of monetary policy shift (Leary, 2009; Duchin et al., 2010; Lemmon and Roberts, 2010; Voutsinas and Werner, 2011).”
- Housing Price Booms and Crowding-Out Effects in Bank Lending (2018, methodology): “We follow Lin and Paravisini (2013) for a modified approach of Khwaja and Mian (2008) that is applicable in our setting.”
- Capital Supply Uncertainty, Cash Holdings, and Investment (2014, unknown): “Negative shocks to the supply of capital should hamper investment even if firms have enough slack to finance investment internally, consistent with the evidence in the large sample studies by Kashyap, Stein and Wilcox (1993), Gan (2007), Becker (2007), or Lemmon and Roberts (2007), and with the surv”