The Use of Excess Cash and Debt Capacity as a Motive for Merger

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

1984 • 18,167 citations

CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION

1963 • 5,822 citations

DEBT AND TAXES*

1977 • 3,086 citations

Optimal capital structure under corporate and personal taxation

1980 • 2,681 citations

Equity issues and offering dilution

1986 • 1,479 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER

1971 • 1,133 citations

The gains to bidding firms from merger

1983 • 1,026 citations

Seasoned equity offerings

1986 • 943 citations

A MEAN‐VARIANCE THEORY OF OPTIMAL CAPITAL STRUCTURE AND CORPORATE DEBT CAPACITY

1978 • 498 citations

Tests of Equality Between Sets of Coefficients in Two Linear Regressions: An Expository Note

1970 • 390 citations

DIVERSIFICATION, PORTFOLIO ANALYSIS AND THE UNEASY CASE FOR CONGLOMERATE MERGERS

1970 • 253 citations

The Impact of Merger Bids on the Participating Firms' Security Holders

1982 • 236 citations

CORPORATE MERGERS AND THE CO‐INSURANCE OF CORPORATE DEBT

1977 • 228 citations

TESTS OF THE EFFICIENCY PERFORMANCE OF CONGLOMERATE FIRMS

1971 • 216 citations

Financial Characteristics of Merged Firms: A Multivariate Analysis

1973 • 216 citations

Industry Influence on Financial Structure

1975 • 186 citations

The Determinants and Effects of Mergers.

1982 • 131 citations

The Microeconomic Consequences of Corporate Mergers

1972 • 114 citations

THE PERFORMANCE OF CONGLOMERATE FIRMS: RECENT RISK AND RETURN EXPERIENCE

1973 • 97 citations

Evidence on the Association between Mergers and Capital Structure

1972 • 3 citations