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Corporate Financing Decisions When Investors Take the Path of Least Resistance
Decisions Behavior Stocks Mergers and Acquisitions Policy Investment Financial Institutions
2015/5/13
We explore the consequences for corporate financial policy that arise when investors exhibit inertial behavior. One implication of investor inertia is that, all else equal, a firm pursuing a strategy ...
The Response of Corporate Financing and Investment to Changes in the Supply of Credit
credit corporate financing investment fluctuations
2011/8/22
We examine how shocks to the supply of credit impact corporate financing and investment using the collapse of Drexel Burnham Lambert, Inc.; the passage of the Financial Institutions Reform, Recovery, ...
