Asymmetric Information and Risky Debt Maturity Choice

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

1984 • 18,167 citations

Determinants of corporate borrowing

1977 • 13,054 citations

ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*

1974 • 10,570 citations

Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information

1976 • 4,707 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

The Role of Market Forces in Assuring Contractual Performance

1981 • 3,758 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Investment–Cash Flow Sensitivities: Constrained versus Unconstrained Firms

2004 • 1,036 citations

A RATIONALE FOR DEBT MATURITY STRUCTURE AND CALL PROVISIONS IN THE AGENCY THEORETIC FRAMEWORK

1980 • 599 citations

Information Production, Market Signalling, and the Theory of Financial Intermediation

1980 • 524 citations

Reputation and Product Quality

1984 • 475 citations

Signaling and the Valuation of Unseasoned New Issues

1982 • 379 citations

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs: Reply

1972 • 281 citations

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-overs

1972 • 266 citations

Accelerating Inflation, Technological Innovation, and the Decreasing Effectiveness of Banking Regulation

1981 • 257 citations

Signaling and the Valuation of Unseasoned New Issues: A Comment

1984 • 208 citations

Asymmetric Information, Signaling, and Optimal Corporate Financial Decisions

1981 • 60 citations

Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs: Reply

1975 • 7 citations