Zobrazeno 1 - 10
of 60
pro vyhledávání: '"Dirk Hackbarth"'
Publikováno v:
Journal of Financial Economics. 146:357-384
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6988a82b459479aa1d75703f96583d9a
https://doi.org/10.1016/j.jfineco.2021.10.001
https://doi.org/10.1016/j.jfineco.2021.10.001
Autor:
Bart Taub, Dirk Hackbarth
Publikováno v:
Management Science. 68:5364-5383
We study anticompetitive horizontal mergers in a dynamic model with noisy collusion. At each instant, firms either privately choose output levels or merge to form a monopoly, trading off the benefits of avoiding price wars against the costs of mergin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9244efbdb3e1fa1a04f26511937aca27
https://doi.org/10.1287/mnsc.2021.4089
https://doi.org/10.1287/mnsc.2021.4089
Autor:
Dirk Hackbarth, Dongming Sun
Publikováno v:
The Review of Corporate Finance Studies.
We consider the behavior of leverage ratios in a trade-off model with investment. Debt underutilization to retain financial flexibility persists even when firms exercise their last investment options, and it is more (less) severe for more back-loaded
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::70286fd65dee40a4811cdd3d259ae434
https://doi.org/10.1093/rcfs/cfad009
https://doi.org/10.1093/rcfs/cfad009
Autor:
Dirk Hackbarth, Huangyu Chen
Publikováno v:
The Journal of Portfolio Management. 46:64-85
The authors investigate the performance of active sector funds whose potential outperformance has not been exhausted entirely by decreasing returns to scale. The authors document that despite good track records, most sector funds are relatively small
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cbca12d3588cdd62305a755686fc809f
https://doi.org/10.3905/jpm.2020.1.172
https://doi.org/10.3905/jpm.2020.1.172
Publikováno v:
Review of Finance. 24:961-996
We study the classical problem of raising capital under asymmetric information. Following Myers and Majluf, we consider firms endowed with assets in place and riskier growth opportunities. When asymmetric information is concentrated on assets in plac
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8ec2ba98ecc854322b13bf3aa0d8007c
https://doi.org/10.1093/rof/rfaa005
https://doi.org/10.1093/rof/rfaa005
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::599d880de661cfb92e5956905855e910
https://doi.org/10.2139/ssrn.4280419
https://doi.org/10.2139/ssrn.4280419
Autor:
Dirk Hackbarth, Hayne E. Leland
Publikováno v:
Finance, vol 40 No.3
Admati, Demarzo, Hellwig, et Pfleiderer (ADHP, 2018) font remarquer que les modeles statiques d’endettement optimal supposent que les entreprises n’ont aucune dette a l’origine. Dans ce cas, le levier qui maximise la valeur de l’entreprise ma
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7cf8e67d0243579191198c607042c210
https://doi.org/10.3917/fina.403.0013
https://doi.org/10.3917/fina.403.0013
Publikováno v:
Journal of Financial Economics. 130(3):484-502
We study a novel aspect of a firm’s capital structure, namely, the profile of its debt maturity dates. In a simple theoretical framework we show that the dispersion of debt maturities constitutes an important dimension of capital structure choice,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::abcbd08f25a6358272cf29e64bfe98c6
https://research.wu.ac.at/de/publications/4e106e9c-8c00-4a02-9d6a-d635c83e2b21
https://research.wu.ac.at/de/publications/4e106e9c-8c00-4a02-9d6a-d635c83e2b21
Publikováno v:
Review of Finance. 22:243-277
This paper analyzes the decision of firms to sell assets to fund investments (financing asset sales). For a sample of U.S. manufacturing firms during the 1971-2010 period, we document new stylized facts about financing asset sales that cannot be expl
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e8bd3f88b1419cf1ff23bf88d667b43b
https://doi.org/10.1093/rof/rfx040
https://doi.org/10.1093/rof/rfx040
Publikováno v:
SSRN Electronic Journal.
Firms' inflexibility to adjust their scale persistently explains capital structure variations in a comprehensive sample and randomly-selected sub-samples. Higher inflexibility leads to lower financial leverage, potentially due to higher default risk
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d2d80e17a7bae50a8bb0939038cd8a0b
https://doi.org/10.2139/ssrn.3296926
https://doi.org/10.2139/ssrn.3296926