Does Asymmetric Information Drive Capital Structure Decisions

Keywords

Information asymmetry, Business, Capital structure, Microeconomics, Industrial organization

References

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• Institutional Trading, Trading Volume, and SpreadMalay K. Dey, B. Radhakrishna — 2000
• Who's Informed? An Analysis of Stock Ownership and Informed TradingPatrick J. Dennis, James Weston — 2001
• Credit Ratings and Stock LiquidityElizabeth R. Odders-White, Mark J. Ready — 2006
• The Characteristics of a Firm's Information Environment and the Predictive Ability of Insider TradesRichard M. Frankel, Xu Li — 2002
• Can the Pecking Order Explain the Costs of Raising CapitalNeal Galpin — 2004
• Information Flow and Liquidity around Anticipated and Unanticipated Dividend AnnouncementsJohn R. Graham, Jennifer L. Koski, Uri Loewenstein — 2006
• Timing Information, Information Asymmetry, and Trading VolumeJoon Chae — 2002
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• On Information Asymmetry MetricsJonathan Clarke, Kuldeep Shastri — 2000
• Stock Price Reaction to Public and Private InformationClara Vega — 2006
• A Simultaneous Equations Analysis of Forecast Accuracy, Analyst Following, and Trading VolumeAndrew W. Alford, Philip G. Berger — 1999
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• The Debt-Equity Mix in Preferred Stock and Adverse Selection Costs: An Empirical InvestigationJanos K. Illessy, Kuldeep Shastri — 2000
• Information Asymmetry about the Firm and the Permanent Price Impact of Trades: Is there a Connection?Gideon Saar, Yu Lei — 2001
• The Effectiveness of the Insider-Trading SanctionsH. Nejat Seyhun — 1992
• Information Effects on the Bid‐Ask SpreadThomas E. Copeland, Dan Galai — 1983

Cited by

• Seasoned equity offerings in an emerging market: evidence from Thailand.Polwat Lerskullawat — 2011
• The Determinants of Capital Structure: Comparison between Before and After Financial CrisisBarry Harrison, Theodorus Wisnu Widjaja — 2014
• Equity Issues, Market Timing, and Limits to ArbitrageBorja Larraín — 2008
• The Real Effects of Managerial Narratives: Evidence from a Quarter-Billion WordsArt Durnev, Claudine Mangen — 2012
• Déterminants de la structure financière et réactions du marché boursier aux décisions de financement : cas des sociétés cotées à la bourse des valeurs de CasablancaSalah Eddine Kartobi — 2013
• Three Essays on International Finance and International Capital Markets.Qiaoqiao Zhu — 2009
• Do Firms Adjust toward Target Leverage? Evidence from Defined Benefit Pension PlansKihun Kim, Tae‐Nyun Kim — 2016
• Investigating the Relevance of the Pecking Order Theory and the Agency Costs of Free Cash Flow Theory in the Eyes of InvestorsW. Goossens — 2011
• Prospect Theory and Market LiquidityPaolo Pasquariello — 2009
• Essays on Motivating InvestmentJ. Reid Cummings — 2014
• Market timing, taxes and capital structure: evidence from VietnamT. Nguyen — 2012
• Measuring and Monitoring Time-Varying Information AsymmetryOl'ga Lebedeva — 2012
• Empirical evidence on the existence of a pecking order: a study about whether the pecking order theory is an accurate means to describe the incremental financing practices by firms in the European UnionB. Machielsen — 2013
• Trade-off theory, pecking order theory and market timing theory: a comprehensive review of capital structure theoriesAgha Jahanzeb — 2013
• Does the Proximity of Principal Customers Affect Suppliers’ Capital Structures?Patrick Goettner, Peter Limbach — 2013
• Effect of macroeconomic conditions on capital structure choice for listed South African firmsM.K. Magwai — 2014
• Corporate financing decisions : the role of managerial overconfidenceBin Xu — 2014
• Determinants of Capital Structure: Evidence from Listed Indonesian CompaniesRicky Valianto Adiputro — 2015
• The value effects of capital structure : essays on leverage and its impact on stock returns</Sheeja Sivaprasad — 2007
• Essays on Option Markets: Empirical and Theoretical Learning ModelsAlejandro Bernales — 2011

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