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A discrete choice model for large heterogeneous panels with interactive fixed effects with an application to the determinants of corporate bond issuance
Boneva, Lena; Linton, Oliver - 2017
What is the effect of funding costs on the conditional probability of issuing a corporate bond? We study this question in a novel dataset covering 5610 issuances by US firms over the period from 1990 to 2014. Identification of this effect is complicated because of unobserved, common shocks such...
Persistent link: https://www.econbiz.de/10011581544
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A discrete‐choice model for large heterogeneous panels with interactive fixed effects with an application to the determinants of corporate bond issuance
Boneva, Lena; Linton, Oliver - In: Journal of applied econometrics 32 (2017) 7, pp. 1226-1243
Persistent link: https://www.econbiz.de/10011862592
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The effects of bond supply uncertainty on the leverage of the firm
Massa, Massimo (contributor); Yasuda, Ayako (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003661296
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Capital structure mean reversion : a comparison between Chinese state-owned and private firms
Ahsan, Tanveer; Rub, Abdur - In: Global business & economics review 19 (2017) 6, pp. 687-695
Persistent link: https://www.econbiz.de/10011953593
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A Discrete Choice Model for Large Heterogeneous Panels with Interactive Fixed Effects with an Application to the Determinants of Corporate Bond Issuance
Boneva, Lena - 2017
What is the effect of funding costs on the conditional probability of issuing a corporate bond? We study this question in a novel dataset covering 5,610 issuances by US firms over the period from 1990 to 2014. Identification of this effect is complicated because of unobserved, common shocks such...
Persistent link: https://www.econbiz.de/10012964789
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A Discrete Choice Model for Large Heterogeneous Panels with Interactive Fixed Effects with an Application to the Determinants of Corporate Bond Issuance
Boneva, Lena - 2016
This paper studies the effect of funding costs on the conditional probability of issuing a corporate bond in a novel dataset covering 5610 issuances by US financial and non-financial corporates over the period from 1990 to 2014. But identification of these effects is complicated by unobserved...
Persistent link: https://www.econbiz.de/10013002100
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The capital structure choice and financial market librelization : a panel data analysis and GMM estimation in Jordan
Maghyereh, Aktham I. - In: Applied econometrics and international development 4 (2004) 2, pp. 69-90
Persistent link: https://www.econbiz.de/10003718983
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Asymmetric adjustment toward optimal capital structure : evidence from a crisis
Dang, Viet Anh; Kim, Minjoo; Shin, Yongcheol - In: International review of financial analysis 33 (2014), pp. 226-242
Persistent link: https://www.econbiz.de/10010520457
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An alternative test of the trade-off theory of capital structure
Canarella, Giorgio; Nourayi, Mahmoud; Sullivan, Michael J. - In: Contemporary economics 8 (2014) 4, pp. 365-386
-generation panel unit root tests provide consistent evidence that debt ratios are mean reverting, which supports the trade-off theory …The purpose of this paper is to investigate the stochastic behavior of corporate debt ratios utilizing a balanced panel … of 2,556 publicly traded US firms during the period 1997 - 2010. We partition the panel into ten economic sectors and …
Persistent link: https://www.econbiz.de/10010520900