Information Effects Associated with Debt‐for‐Equity and Equity‐for‐Debt Exchange Offers

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

1976 • 62,465 citations

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

1984 • 18,167 citations

Using daily stock returns

1985 • 6,463 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

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

DEBT AND TAXES*

1977 • 3,086 citations

Optimal capital structure under corporate and personal taxation

1980 • 2,681 citations

Managerial control of voting rights

1988 • 2,602 citations

A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE

1973 • 1,819 citations

Equity issues and offering dilution

1986 • 1,479 citations

Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns

1987 • 1,417 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

Common stock repurchases and market signalling

1981 • 1,054 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

On corporate governance

1983 • 993 citations

Seasoned equity offerings

1986 • 943 citations

Corporate control contests and capital structure

1988 • 743 citations

Common stock repurchases

1981 • 737 citations

A Theory of Optimal Capital Structure

1976 • 680 citations

The effects of capital structure change on security prices

1980 • 541 citations

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

1978 • 498 citations

Security price reactions around corporate spin-off announcements

1983 • 481 citations

Convertible debt issuance, capital structure change and financing-related information

1984 • 410 citations

The Impact of Capital Structure Change on Firm Value: Some Estimates

1983 • 375 citations

Wealth redistributions or changes in firm value

1984 • 264 citations

Repurchase Tender Offers, Signaling, and Managerial Incentives

1984 • 262 citations

A Theory of Capital Structure Relevance under Imperfect Information

1982 • 247 citations

Convertible calls and security returns

1981 • 221 citations

Firm value and seasoned equity issues

1987 • 129 citations

CAPITAL STRUCTURE REARRANGEMENTS AND ME‐FIRST RULES IN AN EFFICIENT CAPITAL MARKET

1977 • 70 citations

Corporate capital structures in the United States

1986 • 66 citations

Evidence on the Impact of Exchange Offers on Security Prices: The Case of Income Bonds

1981 • 34 citations

Stock-for-Debt Swaps and Shareholder Returns

1985 • 24 citations

Equity for Debt Exchanges and Stockholder Wealth

1985 • 21 citations

Capital Structure Change and Decreases in Stockholders' Wealth: A Cross-sectional Study of Convertible Security Calls

1985 • 20 citations

THE EFFECT OF STOCK FOR DEBT SWAPS ON SECURITY RETURNS

1985 • 13 citations