Capital Structure and the Informational Role of Debt

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

1976 • 62,465 citations

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

1986 • 17,982 citations

Determinants of corporate borrowing

1977 • 13,054 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION

1963 • 5,822 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

Informational Asymmetries, Financial Structure, and Financial Intermediation

1977 • 3,499 citations

Good News and Bad News: Representation Theorems and Applications

1981 • 3,218 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Incentive-Compatible Debt Contracts: The One-Period Problem

1985 • 1,888 citations

Reputation Acquisition in Debt Markets

1989 • 1,628 citations

The effect of capital structure on a firm's liquidation decision

1984 • 1,537 citations

Investment–Cash Flow Sensitivities: Constrained versus Unconstrained Firms

2004 • 1,036 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

Corporate control contests and capital structure

1988 • 743 citations

THE INSIGNIFICANCE OF BANKRUPTCY COSTS TO THE THEORY OF OPTIMAL CAPITAL STRUCTURE

1978 • 441 citations

The Bankruptcy Decision

1978 • 388 citations

“Active Investors, LBOs, and the Privatization of Bankruptcy*”

1989 • 379 citations

Risky Debt, Investment Incentives, and Reputation in a Sequential Equilibrium

1985 • 133 citations

Contractual models of the firm : a financial theory

1987 • 1 citations