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The firm's leverage-cash flow relationship

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  • Shenoy, Catherine
  • Koch, Paul D.

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  • Shenoy, Catherine & Koch, Paul D., 1996. "The firm's leverage-cash flow relationship," Journal of Empirical Finance, Elsevier, vol. 2(4), pages 307-331, February.
  • Handle: RePEc:eee:empfin:v:2:y:1996:i:4:p:307-331
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    References listed on IDEAS

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    1. Myers, Stewart C. & Majluf, Nicolás S., 1945-, 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Working papers 1523-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    2. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    3. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    4. Titman, Sheridan & Wessels, Roberto, 1988. " The Determinants of Capital Structure Choice," Journal of Finance, American Finance Association, vol. 43(1), pages 1-19, March.
    5. Michel Poitevin, 1989. "Financial Signalling and the "Deep-Pocket" Argument," RAND Journal of Economics, The RAND Corporation, vol. 20(1), pages 26-40, Spring.
    6. Toy, Norman & Stonehill, Arthur & Remmers, Lee & Wright, Richard & Beekhuisen, Theo, 1974. "A Comparative International Study of Growth, Profitability, and Risk as Determinants of Corporate Debt Ratios in the Manufacturing Sector," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 9(05), pages 875-886, November.
    7. Bradley, Michael & Jarrell, Gregg A & Kim, E Han, 1984. " On the Existence of an Optimal Capital Structure: Theory and Evidence," Journal of Finance, American Finance Association, vol. 39(3), pages 857-878, July.
    8. Hurdle, Gloria J, 1974. "Leverage, Risk, Market Structure and Profitability," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 478-485, November.
    9. Harris, Milton & Raviv, Artur, 1991. " The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
    10. Sullivan, Timothy G, 1974. "Market Power, Profitability and Financial Leverage," Journal of Finance, American Finance Association, vol. 29(5), pages 1407-1414, December.
    11. Israel, Ronen & Ofer, Aharon R. & Siegel, Daniel R., 1989. "The information content of equity-for-debt swaps : An investigation of analyst forecasts of firm cash flows," Journal of Financial Economics, Elsevier, vol. 25(2), pages 349-370, December.
    12. Millon-Cornett, Marcia H & Travlos, Nickolaos G, 1989. " Information Effects Associated with Debt-for-Equity and Equity-for-Debt Exchange Offers," Journal of Finance, American Finance Association, vol. 44(2), pages 451-468, June.
    13. Ravid, S. Abraham & Sarig, Oded H., 1991. "Financial Signalling by Committing to Cash Outflows," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 26(02), pages 165-180, June.
    14. Ferri, Michael G & Jones, Wesley H, 1979. "Determinants of Financial Structure: A New Methodological Approach," Journal of Finance, American Finance Association, vol. 34(3), pages 631-644, June.
    15. Marsh, Paul, 1982. " The Choice between Equity and Debt: An Empirical Study," Journal of Finance, American Finance Association, vol. 37(1), pages 121-144, March.
    16. Thomas E. Copeland & Won Heum Lee, 1991. "Exchange Offers and Stock Swaps - New Evidence," Financial Management, Financial Management Association, vol. 20(3), Fall.
    17. Jensen, Gerald R. & Solberg, Donald P. & Zorn, Thomas S., 1992. "Simultaneous Determination of Insider Ownership, Debt, and Dividend Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(02), pages 247-263, June.
    18. Stephen A. Ross, 1977. "The Determination of Financial Structure: The Incentive-Signalling Approach," Bell Journal of Economics, The RAND Corporation, vol. 8(1), pages 23-40, Spring.
    19. Blazenko, George W, 1987. " Managerial Preference, Asymmetric Information, and Financial Structur e," Journal of Finance, American Finance Association, vol. 42(4), pages 839-862, September.
    20. Hill, Ned C. & Stone, Bernell K., 1980. "Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(03), pages 595-637, September.
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    Cited by:

    1. Joliet, Robert & Muller, Aline, 2013. "Capital structure effects of international expansion," Journal of Multinational Financial Management, Elsevier, vol. 23(5), pages 375-393.
    2. Alves, Paulo F. Pereira & Ferreira, Miguel A., 2011. "Capital structure and law around the world," Journal of Multinational Financial Management, Elsevier, vol. 21(3), pages 119-150, July.
    3. Anis Jarboui & Ahmed Abdelmoula, 2007. "Opportunisme Managerial, Valorisation Boursiere Et Modes De Comptabilisation Des Depenses Immaterielles Dans Les Pays Emergents," Post-Print halshs-00522296, HAL.
    4. Zhao, Jianmei & Katchova, Ani L. & Barry, Peter J., 2004. "Testing The Pecking Order Theory And The Signaling Theory For Farm Businesses," 2004 Annual meeting, August 1-4, Denver, CO 20215, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Wolfgang Drobetz & Roger Fix, 2005. "What are the Determinants of the Capital Structure? Evidence from Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 141(I), pages 71-113, March.
    6. Muhammad Azeem Qureshi & Toseef Azid, 2006. "Did They Do It Differently? Capital Structure Choices of Public and Private Sectors in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 701-709.
    7. Hédi Turki & Ahmed Abdelmoula, 2007. "Les Determinants Des Choix Comptables Relatifs Aux Elements Immateriels Cas Des Entreprises Tunisiennes," Post-Print halshs-00544910, HAL.
    8. Sanjiva Prasad & Christopher J. Green & Victor Murinde, 2001. "Company Financing, Capital Structure, and Ownership: A Survey, and Implications for Developing Economies," Chapters in SUERF Studies, SUERF - The European Money and Finance Forum.
    9. Imran Yousaf & Arshad Hassan, 2016. "Effect of Family Control on Corporate Financing Decisions: A Case of Pakistan," PIDE-Working Papers 2016:138, Pakistan Institute of Development Economics.

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