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Outside purchase contracts, human capital and firm capital structure

Moon, S. Katie; Phillips, Gordon M. - 2014

Persistent link: https://www.econbiz.de/10010430582

Giambona, Erasmo; Kumar, Anil; Phillips, Gordon M. - National Bureau of Economic Research - 2021

face costly external finance increase hedging after staggered state-level financial reform that reduces the costs of … impacted. Firms that previously are more likely to face costly external finance, lower price, increase policy sales and …

Persistent link: https://www.econbiz.de/10012629427

Can the unemployed borrow? : implications for public insurance

Braxton, J. Carter; Herkenhoff, Kyle; Phillips, Gordon M. - 2020

Persistent link: https://www.econbiz.de/10012222338

Asset liquidity and the cost of capital

Ortiz-Molina, Hernán; Phillips, Gordon M. - 2010

Persistent link: https://www.econbiz.de/10003969011

Firm-specific resources, financial-market development and the growth of U.S. multinationals

Feinberg, Susan E.; Phillips, Gordon M. - 2002

Persistent link: https://www.econbiz.de/10001704648

Asset Liquidity and the Cost of Capital

Ortiz-Molina, Hernán - 2010

We study the effect of real asset liquidity on a firm's cost of capital. We find an aggregate asset-liquidity discount in firms' cost of capital that is strongly counter-cyclical. At the firm-level we find that asset liquidity affects firms' cost of capital both in the cross section and in the...

Persistent link: https://www.econbiz.de/10012462661