Matches in SemOpenAlex for { <https://semopenalex.org/work/W2102665185> ?p ?o ?g. }
Showing items 1 to 88 of
88
with 100 items per page.
- W2102665185 abstract "We study the effect of asset tangibility on corporate financing and investment decisions. Financially constrained firms benefit the most from investing in tangible assets because those assets help relax constraints, allowing for further investment. Using a dynamic model, we characterize this effect - which we call firm-level credit multiplier - and show how asset tangibility increases the sensitivity of investment to Tobin’s Q for financially constrained firms. Examining a large sample of manufacturers over the 1971–2005 period as well as simulated data, we find support for our theory’s tangibility–investment channel. We further verify that our findings are driven by firms’ debt issuance activities. Consistent with our empirical identification strategy, the firm-level credit multiplier is absent from samples of financially unconstrained firms and samples of financially constrained firms with low spare debt capacity." @default.
- W2102665185 created "2016-06-24" @default.
- W2102665185 creator A5080202693 @default.
- W2102665185 creator A5087424484 @default.
- W2102665185 date "2012-01-01" @default.
- W2102665185 modified "2023-09-27" @default.
- W2102665185 title "The Firm-Level Credit Multiplier" @default.
- W2102665185 cites W1495009347 @default.
- W2102665185 cites W1563103971 @default.
- W2102665185 cites W1970144470 @default.
- W2102665185 cites W2048267802 @default.
- W2102665185 cites W2131054604 @default.
- W2102665185 cites W2144294031 @default.
- W2102665185 cites W2149088624 @default.
- W2102665185 cites W2581459253 @default.
- W2102665185 cites W3124138438 @default.
- W2102665185 doi "https://doi.org/10.2139/ssrn.1102683" @default.
- W2102665185 hasPublicationYear "2012" @default.
- W2102665185 type Work @default.
- W2102665185 sameAs 2102665185 @default.
- W2102665185 citedByCount "2" @default.
- W2102665185 countsByYear W21026651852015 @default.
- W2102665185 crossrefType "journal-article" @default.
- W2102665185 hasAuthorship W2102665185A5080202693 @default.
- W2102665185 hasAuthorship W2102665185A5087424484 @default.
- W2102665185 hasConcept C10138342 @default.
- W2102665185 hasConcept C120527767 @default.
- W2102665185 hasConcept C124584101 @default.
- W2102665185 hasConcept C139719470 @default.
- W2102665185 hasConcept C144133560 @default.
- W2102665185 hasConcept C149933338 @default.
- W2102665185 hasConcept C162324750 @default.
- W2102665185 hasConcept C17744445 @default.
- W2102665185 hasConcept C185592680 @default.
- W2102665185 hasConcept C198531522 @default.
- W2102665185 hasConcept C199539241 @default.
- W2102665185 hasConcept C27548731 @default.
- W2102665185 hasConcept C38652104 @default.
- W2102665185 hasConcept C41008148 @default.
- W2102665185 hasConcept C43617362 @default.
- W2102665185 hasConcept C556758197 @default.
- W2102665185 hasConcept C76178495 @default.
- W2102665185 hasConcept C94625758 @default.
- W2102665185 hasConceptScore W2102665185C10138342 @default.
- W2102665185 hasConceptScore W2102665185C120527767 @default.
- W2102665185 hasConceptScore W2102665185C124584101 @default.
- W2102665185 hasConceptScore W2102665185C139719470 @default.
- W2102665185 hasConceptScore W2102665185C144133560 @default.
- W2102665185 hasConceptScore W2102665185C149933338 @default.
- W2102665185 hasConceptScore W2102665185C162324750 @default.
- W2102665185 hasConceptScore W2102665185C17744445 @default.
- W2102665185 hasConceptScore W2102665185C185592680 @default.
- W2102665185 hasConceptScore W2102665185C198531522 @default.
- W2102665185 hasConceptScore W2102665185C199539241 @default.
- W2102665185 hasConceptScore W2102665185C27548731 @default.
- W2102665185 hasConceptScore W2102665185C38652104 @default.
- W2102665185 hasConceptScore W2102665185C41008148 @default.
- W2102665185 hasConceptScore W2102665185C43617362 @default.
- W2102665185 hasConceptScore W2102665185C556758197 @default.
- W2102665185 hasConceptScore W2102665185C76178495 @default.
- W2102665185 hasConceptScore W2102665185C94625758 @default.
- W2102665185 hasLocation W21026651851 @default.
- W2102665185 hasOpenAccess W2102665185 @default.
- W2102665185 hasPrimaryLocation W21026651851 @default.
- W2102665185 hasRelatedWork W139575626 @default.
- W2102665185 hasRelatedWork W1765853351 @default.
- W2102665185 hasRelatedWork W1837252069 @default.
- W2102665185 hasRelatedWork W2080657709 @default.
- W2102665185 hasRelatedWork W2082337125 @default.
- W2102665185 hasRelatedWork W2149088624 @default.
- W2102665185 hasRelatedWork W2156508719 @default.
- W2102665185 hasRelatedWork W2158352099 @default.
- W2102665185 hasRelatedWork W2160769560 @default.
- W2102665185 hasRelatedWork W2219238674 @default.
- W2102665185 hasRelatedWork W2367718036 @default.
- W2102665185 hasRelatedWork W2963455244 @default.
- W2102665185 hasRelatedWork W2997976383 @default.
- W2102665185 hasRelatedWork W3117454855 @default.
- W2102665185 hasRelatedWork W3122577218 @default.
- W2102665185 hasRelatedWork W3122901192 @default.
- W2102665185 hasRelatedWork W3123645893 @default.
- W2102665185 hasRelatedWork W3125505012 @default.
- W2102665185 hasRelatedWork W3125616661 @default.
- W2102665185 hasRelatedWork W3125777063 @default.
- W2102665185 isParatext "false" @default.
- W2102665185 isRetracted "false" @default.
- W2102665185 magId "2102665185" @default.
- W2102665185 workType "article" @default.