Browsing HBS Scholarly Articles by Keyword "capital structure"
Now showing items 1-3 of 3
-
Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure and the Low Risk Anomaly
(American Economic Association, 2015)Traditional capital structure theory predicts that reducing banks' leverage reduces the risk and cost of equity but does not change the weighted average cost of capital, and thus the rates for borrowers. We confirm that ... -
Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs
(Wiley-Blackwell, 2012)In tests of the equity market timing theory of external finance, the prior literature has used overvaluation identifiers such as high market-to-book and high prior returns that are likely correlated with other determinants ... -
The Ownership and Trading of Debt Claims in Chapter 11 Restructurings
(Elsevier, 2015-05-19)What is the ownership structure of bankrupt debt claims? How does the ownership evolve though bankruptcy? And how does debt ownership influence Chapter 11 outcomes? To answer these questions, we construct a data set that ...