Matches in SemOpenAlex for { <https://semopenalex.org/work/W3121884230> ?p ?o ?g. }
- W3121884230 endingPage "1158" @default.
- W3121884230 startingPage "1130" @default.
- W3121884230 abstract "We study the implications of credit market frictions for the dynamics of corporate capital structure and the risk of default of corporations. To do so, we develop a dynamic capital structure model in which firms face uncertainty regarding their ability to raise funds in credit markets and have to search for investors when seeking to adjust their capital structure. We provide a general analysis of shareholders' dynamic financing and default decisions, show when Markov perfect equilibria in financing and default barrier strategies exist, and when uniqueness can be achieved. We then use the model to generate a number of novel testable implications relating credit market frictions to target leverage, the pace and size of capital structure changes, creditor turnover, and the likelihood of default." @default.
- W3121884230 created "2021-02-01" @default.
- W3121884230 creator A5002167713 @default.
- W3121884230 creator A5067616912 @default.
- W3121884230 creator A5080989714 @default.
- W3121884230 date "2015-05-01" @default.
- W3121884230 modified "2023-10-03" @default.
- W3121884230 title "Credit market frictions and capital structure dynamics" @default.
- W3121884230 cites W1481965470 @default.
- W3121884230 cites W1554995057 @default.
- W3121884230 cites W2018881312 @default.
- W3121884230 cites W2037841399 @default.
- W3121884230 cites W2055163224 @default.
- W3121884230 cites W2100034948 @default.
- W3121884230 cites W2104640390 @default.
- W3121884230 cites W2104723218 @default.
- W3121884230 cites W2115599345 @default.
- W3121884230 cites W2117057914 @default.
- W3121884230 cites W2117767955 @default.
- W3121884230 cites W2118891973 @default.
- W3121884230 cites W2142996378 @default.
- W3121884230 cites W2146278264 @default.
- W3121884230 cites W2154044885 @default.
- W3121884230 cites W2155315533 @default.
- W3121884230 cites W2157749655 @default.
- W3121884230 cites W2161356024 @default.
- W3121884230 cites W2164098094 @default.
- W3121884230 cites W2170106538 @default.
- W3121884230 cites W2170484796 @default.
- W3121884230 cites W2172108895 @default.
- W3121884230 cites W3022374830 @default.
- W3121884230 cites W3023939287 @default.
- W3121884230 cites W3121430177 @default.
- W3121884230 cites W3121630456 @default.
- W3121884230 cites W3121689764 @default.
- W3121884230 cites W3121802835 @default.
- W3121884230 cites W3122328478 @default.
- W3121884230 cites W3122504550 @default.
- W3121884230 cites W3122978315 @default.
- W3121884230 cites W3123014546 @default.
- W3121884230 cites W3123115626 @default.
- W3121884230 cites W3123142049 @default.
- W3121884230 cites W3123522471 @default.
- W3121884230 cites W3123561953 @default.
- W3121884230 cites W3123590601 @default.
- W3121884230 cites W3123700478 @default.
- W3121884230 cites W3123802719 @default.
- W3121884230 cites W3124562575 @default.
- W3121884230 cites W3124622014 @default.
- W3121884230 cites W3124632635 @default.
- W3121884230 cites W3124735740 @default.
- W3121884230 cites W3124800418 @default.
- W3121884230 cites W3124841571 @default.
- W3121884230 cites W3125000257 @default.
- W3121884230 cites W3125396418 @default.
- W3121884230 cites W3125676627 @default.
- W3121884230 cites W3125781839 @default.
- W3121884230 cites W4231808832 @default.
- W3121884230 cites W4234588127 @default.
- W3121884230 cites W4243064639 @default.
- W3121884230 doi "https://doi.org/10.1016/j.jet.2014.09.021" @default.
- W3121884230 hasPublicationYear "2015" @default.
- W3121884230 type Work @default.
- W3121884230 sameAs 3121884230 @default.
- W3121884230 citedByCount "30" @default.
- W3121884230 countsByYear W31218842302013 @default.
- W3121884230 countsByYear W31218842302014 @default.
- W3121884230 countsByYear W31218842302015 @default.
- W3121884230 countsByYear W31218842302016 @default.
- W3121884230 countsByYear W31218842302017 @default.
- W3121884230 countsByYear W31218842302018 @default.
- W3121884230 countsByYear W31218842302019 @default.
- W3121884230 countsByYear W31218842302020 @default.
- W3121884230 countsByYear W31218842302021 @default.
- W3121884230 countsByYear W31218842302022 @default.
- W3121884230 countsByYear W31218842302023 @default.
- W3121884230 crossrefType "journal-article" @default.
- W3121884230 hasAuthorship W3121884230A5002167713 @default.
- W3121884230 hasAuthorship W3121884230A5067616912 @default.
- W3121884230 hasAuthorship W3121884230A5080989714 @default.
- W3121884230 hasConcept C10138342 @default.
- W3121884230 hasConcept C119857082 @default.
- W3121884230 hasConcept C120527767 @default.
- W3121884230 hasConcept C134306372 @default.
- W3121884230 hasConcept C144133560 @default.
- W3121884230 hasConcept C149933338 @default.
- W3121884230 hasConcept C153083717 @default.
- W3121884230 hasConcept C162324750 @default.
- W3121884230 hasConcept C178350159 @default.
- W3121884230 hasConcept C197142791 @default.
- W3121884230 hasConcept C2777021972 @default.
- W3121884230 hasConcept C33923547 @default.
- W3121884230 hasConcept C41008148 @default.
- W3121884230 hasConcept C556758197 @default.
- W3121884230 hasConceptScore W3121884230C10138342 @default.
- W3121884230 hasConceptScore W3121884230C119857082 @default.
- W3121884230 hasConceptScore W3121884230C120527767 @default.
- W3121884230 hasConceptScore W3121884230C134306372 @default.