Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

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

1984 • 18,167 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

1987 • 15,268 citations

Large Sample Properties of Generalized Method of Moments Estimators

1982 • 13,306 citations

Determinants of corporate borrowing

1977 • 13,054 citations

Time to Build and Aggregate Fluctuations

1982 • 5,852 citations

Financing Constraints and Corporate Investment

1988 • 4,857 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt

1991 • 3,300 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

The Capital Structure Puzzle

1984 • 2,824 citations

Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups

1991 • 2,492 citations

Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models

1984 • 2,013 citations

Consumption and Liquidity Constraints: An Empirical Investigation

1989 • 1,944 citations

Incentive-Compatible Debt Contracts: The One-Period Problem

1985 • 1,888 citations

Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

2024 • 1,878 citations

Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models

1982 • 1,846 citations

Hypothesis Testing with Efficient Method of Moments Estimation

1987 • 1,674 citations

Investment–Cash Flow Sensitivities: Constrained versus Unconstrained Firms

2004 • 1,036 citations

Financial Fragility and Economic Performance

1990 • 894 citations

Taxation and Corporate Investment: A q-Theory Approach

1981 • 795 citations

An Empirical Model of Labor Supply in a Life-Cycle Setting

1981 • 709 citations

Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

The American Business Cycle: Continuity and Change.

1987 • 484 citations

The Present Value of Profits and Cyclical Movements in Investment

1986 • 405 citations

Financial Structure and Aggregate Economic Activity: An Overview

1988 • 404 citations

The Dynamic Demand for Capital and Labor

1986 • 357 citations

The Effect of Liquidity Constraints on Consumption: A Cross-Sectional Analysis

1985 • 261 citations

Internal Net Worth and the Investment Process: An Application to U.S. Agriculture

1992 • 227 citations

Asymmetric Information, Financing Constraints, and Investment

1987 • 207 citations

Dividend taxes, corporate investment, and ‘Q’

1983 • 206 citations

Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships

1989 • 186 citations

Investment, Financing Decisions, and Tax Policy

1989 • 177 citations

Is There a Corporate Debt Crisis?

1988 • 149 citations

EMPIRICAL INVESTMENT EQUATIONS. AN INTEGRATIVE FRAMEWORK

1980 • 148 citations

Informational Imperfections in the Capital Market and Macro-Economic Fluctuations

1984 • 138 citations

Behavioral simulation methods in tax policy analysis

1983 • 138 citations

Permanent Income, Liquidity, and Expenditure on Automobiles: Evidence From Panel Data

1984 • 120 citations

The Financial Valuation of the Return to Capital

1980 • 113 citations

The Mechanisms of the Business Cycle in the Postwar Era

1986 • 106 citations

2. Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression

2000 • 90 citations

Tobin's Q and financial policy

1987 • 74 citations

Chapter 14 Consumption and investment

1990 • 64 citations

U.S. Corporate Leverage: Developments in 1987 and 1988

1990 • 62 citations

Estimation of the Internal Adjustment Costs Model Using Longitudinal Establishment Data

1988 • 52 citations

The Changing Roles of Debt and Equity in Financing U.S. Capital Formation

1982 • 37 citations

Deep Structral Excavation? A Critique of Euler Equation Methods

1983 • 36 citations

An empirical structural model of aggregate demand

1981 • 34 citations

U.S. corporate leverage: developments in 1987 and 1988

1990 • 23 citations

Credit rationing and corporate investment

1986 • 14 citations

Internal Net Worth and the Investment Process: An Application to U.S. Agriculture

1990 • 12 citations

Future Investment Constraints Reduce Present Investment

1985 • 11 citations

Taxes, Information and Corporate Financing Choices

1986 • 3 citations

The Effects of Tax Rules on Nonresidential Fixed Investment: Some Preliminary Evidence from the 1980s

1986 • 2 citations