Admati, A. ; DeMarzo, P. ; Hellwig, M. ; Pfleiderer, P. The leverage ratchet effect. 2018 J. Finance. 63 145-198
Almeida, H. ; Wolfenzon, D. A theory of pyramidal ownership and family business groups. 2006 J. Finance. 61 2637-2680
At, C. ; Chappe, N. ; Morand, P.H. ; Thomas, L. Rémunération optimale des dirigeants: Faut-il interdire les bénéfices privés?. 2006 Rev. Econ. Polit.. 116 831-846
Attaoui, S. ; Poncet, P. Capital structure and debt priority. 2013 Financ. Manage.. 42 737-775
Barsotti, F. ; Mancino, M.E. ; Pontier, M. The role of a firm’s net cash payouts in Leland (1994) model. 2012 Economic notes by Monte dei Paschi di Sienna. 41 115-144
Bebchuk, L. ; Neeman, Z. Investor protection and interest group politics. 2010 Rev. Financ. Stud.. 23 1089-1119
Berglöf, E. ; Von Thadden, E.L. Short-term versus long-term interests: capital structure with multiple investors. 1994 Q. J. Econ.. 109 1055-1084
Bhattacharya, U. ; Daouk, H. ; Welker, M. The world price of earning opacity. 2003 Account. Rev.. 78 641-678
Bigus, J. Bankruptcy law, asset substitution problem, and creditor conflicts. 2002 Int. Rev. Law Econ.. 22 109-132
Black, F. ; Cox, J. Corporate securities: some effects of bond indenture provisions. 1976 J. Finance. 31 351-367
Bolton, P. ; Scharfstein, D. A theory of predation based on agency problem in financial contracting. 1990 Am. Econ. Rev.. 80 94-106
Branch, B. The cost of bankruptcy: a review. 2002 Int. Rev. Financ. Anal.. 11 39-57
- Dangl, T. ; Zechner, J. Debt Maturity and the Dynamic of Leverage”. CFS Working Paper N°547. 2016 :
Paper not yet in RePEc: Add citation now
Davydenko, S.A. ; Strebulaev, I.A. ; Zhao, X. A market-based study of the cost of default. 2012 Rev. Financ. Stud.. 25 2959-2999
DeMarzo, P. ; Fishman, M. Optimal long-term financial contracting. 2007 Rev. Financ. Stud.. 20 2079-2128
- DeMarzo, P. ; He, Z. “Leverage Dynamics Without Commitment”. NBER Working Paper No. 22799. 2016 :
Paper not yet in RePEc: Add citation now
DeMarzo, P. ; Sannikov, Y. Optimal security design and dynamic capital structure in a continuous-time agency model. 2006 J. Finance. 61 2681-2724
Dewatripont, M. ; Tirole, J. A theory of debt and equity: diversity of securities and manager–shareholder congruence. 1994 Q. J. Econ.. 109 1027-1054
- Faccio, M. ; Lang, H.P.L. ; Young, L.S. “Debt and Expropriation” EFMA 2001 Lugano Meetings. 2003 :
Paper not yet in RePEc: Add citation now
Faccio, M. ; Lang, L. The ultimate ownership of western european corporations. 2002 J. Financ. Econ.. 65 365-395
Faccio, M. ; Lang, L. ; Young, L.S. Pyramiding vs. leverage in corporate groups: international evidence. 2010 J. Int. Bus. Stud.. 41 88-104
Fisher, E. ; Heinkel, R. ; Zechner, J. Dynamic capital structure choice. 1989 J. Finance. 44 19-40
Gale, D. ; Hellwig, M. Incentive-compatible debt contracts: the one-period problem. 1985 Rev. Econ. Stud.. 52 647-663
Goldstein, R. ; Ju, N. ; Leland, H. An ebit-based model of dynamic capital structure. 2001 J. Bus.. 74 483-512
Harris, M. ; Raviv, A. Capital structure and the informational role of debt. 1990 J. Finance. 45 321-350
Harris, M. ; Raviv, A. Corporate control contests and capital structure. 1988 J. financ. econ.. 20 55-86
He, Z. A model of dynamic compensation and capital structure. 2011 J. financ. econ.. 100 351-366
Jandik, T. ; Lallemand, J. Do capital structure adjustments by takeover targets influence acquisition gains?. 2017 Financ. Rev.. 52 171-198
Jensen, M. ; Meckling, W. Theory of the firm: managerial behaviour, agency costs, and ownership structure. 1976 J. financ. econ.. 3 305-360
- John, K. ; Kedia, S. “Design of Corporate Governance: Role of Ownership Structure, Takeovers and Bank Debt”, Working Paper, NYU. 2006 :
Paper not yet in RePEc: Add citation now
Jun, S. ; Jung, M. ; Walking, R. Share repurchase, executive options and wealth changes to stockholders and bondholders. 2009 J. Corp. Financ.. 15 212-229
Kang, J. ; Kim, J. Private benefits of control and firm leverage: an analysis of korean firms. 2006 Rev. Quant. Financ. Account.. 27 439-463
La Bruslerie, H.de Does debt curb controlling shareholders’ private benefits? Modelling in a contingent claim framework. 2016 Econ. Model.. 58 263-282
La Porta, R. ; Lopez-de-Silanes, F. ; Shleifer, A. ; Vishny, R. Investor protection and corporate valuation. 2002 J. Finance. 57 1147-1170
La Porta, R. ; Lopez-de-Silanes, F. ; Shleifer, A. ; Vishny, R. Law and finance. 1998 J. Polit. Econ.. 106 1113-1150
La Porta, R. ; Lopez-de-Silanes, F. ; Shleifer, A. ; Vishny, R. Legal determinants of external finance. 1997 J. Finance. 52 1131-1150
Lambrecht, B. ; Myers, S. Debt and managerial rents in a real-options model of the firm. 2008 J. Financ. Econ.. 89 209-231
Leland, H. Agency costs, risk management, and capital structure. 1998 J. Finance. 53 1213-1243
Leland, H. Corporate debt value, bond covenants, and optimal capital structure. 1994 J. Finance. 49 1213-1252
Leland, H. Financial synergies and the optimal scope of the firm: implications for mergers spinoffs, and structured finance. 2007 J. Finance. 62 765-807
Leland, H. ; Toft, K. Optimal capital structure, endogenous bankruptcy, and term structure of credit spreads. 1996 J. Finance. 51 987-1019
Leuz, C. ; Nanda, D. ; Wysocki, P. Earnings management and investor protection: an international comparison. 2003 J. Financ. Econ.. 69 505-527
- Liu, Q. ; Tian, G. Controlling shareholder, expropriation and firm’s leverage decision: evidence from Chinese non-tradable share reform. 2012 J. Corp. Financ.. 18 782-803
Paper not yet in RePEc: Add citation now
Maxwell, W. ; Stephens, C. The wealth effects of repurchases on bondholders. 2003 J. Finance. 58 895-919
Merton, R. On the pricing of corporate debt: the risk structure of interest rates. 1974 J. Finance. 29 449-470
Morellec, E. Can managerial discretion explain observed leverage ratios?. 2004 Rev. Financ. Stud.. 17 257-294
Morellec, E. ; Nikolov, B. ; Schurhoff, N. Agency conflicts around the world. 2018 Rev. Financ. Stud.. 31 4232-4287
Morellec, E. ; Nikolov, B. ; Schurhoff, N. Corporate governance and capital structure dynamics. 2012 J. Finance. 67 803-848
Myers, S.C. The determinants of corporate borrowing. 1977 J. Financ. Econ.. 5 147-175
Myers, S.C. ; Majluf, N.S. Corporate financing and investment decisions when firms have information that investors do not have. 1984 J. Financ. Econ.. 20 187-221
- Rivera, A. Dynamic moral hazard and risk-shifting incentives in a leveraged firm. 2019 J. Quant. Financ. Anal.. -
Paper not yet in RePEc: Add citation now
Shivdasani, A. ; Zak, A. The return of the recap: Achieving private equity benefits as a public company. 2007 J. Appl. Corp. Financ.. 19 32-41
Zhang, G. Ownership concentration, risk aversion and the effect of financial structure on investment decisions. 1998 Eur. Econ. Rev.. 42 1751-1778