Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions

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

1976 • 62,465 citations

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 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

Determinants of corporate borrowing

1977 • 13,054 citations

The Capital Structure Puzzle

1984 • 7,683 citations

Financing Constraints and Corporate Investment

1988 • 4,857 citations

The behavior of maximum likelihood estimates under nonstandard conditions

1967 • 4,602 citations

Econometric Models for Count Data with an Application to the Patents-R & D Relationship

1984 • 3,400 citations

The Capital Structure Puzzle

1984 • 2,824 citations

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

1992 • 2,708 citations

Financial Distress and Corporate Performance

1994 • 1,469 citations

The Practice of Econometrics: Classic and Contemporary.

1992 • 1,208 citations

BANKRUPTCY COSTS: SOME EVIDENCE

1977 • 1,177 citations

Investment–Cash Flow Sensitivities: Constrained versus Unconstrained Firms

2004 • 1,036 citations

Anatomy of Financial Distress: An Examination of Junk-Bond Issuers

1994 • 980 citations

A Further Empirical Investigation of the Bankruptcy Cost Question

1984 • 901 citations

Bankruptcy Costs: Some Evidence

1977 • 863 citations

Bankruptcy resolution

1990 • 740 citations

Debt and the Marginal Tax Rate

1994 • 702 citations

A Theory of Workouts and the Effects of Reorganization Law*

1991 • 668 citations

Proxies for the corporate marginal tax rate

1996 • 656 citations

Capital Structure and Product-Market Competition: Empirical Evidence from the Supermarket Industry

1995 • 596 citations

Asset sales, firm performance, and the agency costs of managerial discretion

1995 • 582 citations

A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments

1994 • 461 citations

The Uneasy Case for Corporate Reorganizations

1986 • 376 citations

The market for interfirm asset sales

1987 • 360 citations

The Effect of Voluntary Sell‐off Announcements on Shareholder Wealth

1985 • 315 citations

Capital-Market Imperfections and Investment

1997 • 285 citations

Profitability and Product Quality: Economic Determinants of Airline Safety Performance

1990 • 275 citations

Investigating the Valuation Effects of Announcements of Voluntary Corporate Selloffs

1984 • 254 citations

Asset sales by financially distressed firms

1994 • 190 citations

The challenges of investor communication The case of CUC International, Inc.

1995 • 177 citations

Effects of bankruptcy court protection on asset sales

1999 • 126 citations

The Economics of Bankruptcy Reform

1992 • 109 citations

The Determinants of Tendering Rates in Interfirm and Self-Tender Offers

1992 • 51 citations

Pricing and Financial Resources: An Analysis of the Disk Drive Industry, 1980-88

1995 • 50 citations

Debt and Input Misallocation

1990 • 45 citations

The Effects of Bankruptcy Court Protection on Asset Sales

1996 • 21 citations

Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence

1996 • 10 citations