The Financial Accelerator and the Flight to Quality

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

Finance and Growth: Schumpeter Might Be Right

1993 • 8,421 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

The Capital Structure Puzzle

1984 • 7,683 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Coordinating Coordination Failures in Keynesian Models

1988 • 1,670 citations

A Theory of Debt Based on the Inalienability of Human Capital

1994 • 1,424 citations

Credit, Money, and Aggregate Demand

1988 • 1,346 citations

R & D and Internal Finance: A Panel Study of Small Firms in High-Tech Industries

1994 • 1,287 citations

The Credit Crunch

1991 • 1,254 citations

The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds

1996 • 1,174 citations

Dynamic Investment Models and the Firm's Financial Policy

1994 • 1,016 citations

The Debt-Deflation Theory of Great Depressions

1934 • 935 citations

Financial Market Imperfections and Business Cycles

1993 • 838 citations

Collateral, loan quality and bank risk

1990 • 727 citations

Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz

1989 • 723 citations

The Role of Credit Market Imperfections in the Monetary Transmission Mechanism: Arguments and Evidence

1993 • 719 citations

Taking Stock: A Critical Assessment of Recent Research on Inventories

1991 • 574 citations

Investment and Tobin's Q

1992 • 478 citations

Monetary Policy and Bank Lending

1994 • 366 citations

Inventory Investment, Internal-Finance Fluctuations, and the Business Cycle

1994 • 346 citations

Why Does Liquidity Matter in Investment Equations?

1995 • 276 citations

Corporate Structure, Liquidity, and Investment: Evidence from Japanese Panel Data

2011 • 240 citations

Credit in the macroeconomy

1993 • 207 citations

Financial Factors in the Great Depression

1993 • 206 citations

Investment, Financial Factors, and Cash Flow: Evidence from U.K. Panel Data

1989 • 191 citations

Economic Activity and the Short-Term Credit Markets: An Analysis of Prices and Quantities

1993 • 170 citations

Multiple Expectational Equilibria under Monopolistic Competition

1988 • 167 citations

Financial factors in business fluctuations

1988 • 133 citations

What Depressed the Consumer? The Household Balance Sheet and the 1973-75 Recession

1977 • 113 citations

The Mechanisms of the Business Cycle in the Postwar Era

1986 • 106 citations

Effects of Leverage on Corporate Investment and Hiring Decisions

1990 • 105 citations

The economics of the private placement market

1993 • 50 citations

Banking in General Equilibrium

1985 • 39 citations

The capital crunch in New England

1992 • 39 citations

Investment and financial asset accumulation

1991 • 29 citations

"Flight to quality" in bank lending and economic activity

1992 • 25 citations

Essays on the relationship between investment and internal finance

1990 • 9 citations

The credit slowdown of 1989-1991: the role of supply and demand

1992 • 8 citations

Capital Market Imperfections and Countercyclical Markups: Theory and Evidence

1994 • 2 citations