Treść książki
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Financialleveragepuzzle-preliminaryconclusionsfromliteraturereview
29
long-term
(22%)
1
Bae,Kang,Wang[2011],Francis,Hasan,John,Waisman[2010],Gao[2010],George,Hwang
[2010],Atanassov,Kim[2009],Banerjee,Dasgupta,Kim[2008],Hennessy,Whited[2007],Ma-
rosi,Massoud[2007],Campello[2006],DeMarzo,Sannikov[2006],Flannery,Rangan[2006],
Lerner[2006],Kahle,Shastri[2005],Raman[2005],Korajczyk,Levy[2003],Mao[2003],Sun,
Tong[2003],Datta,Iskandar-Datta,Mansi,Reeb[2002],Dennis,Mayhew[2002],Collin-Du-
fresne,Goldstein[2001].
2
Source:ownwork.
Whatconcernsmarketvs.bookvalue,theformer(includingbookvalueofdebt
treatedasamarketvalueestimator)accountsfor48%ofallpapersinthesample,the
latterfor34%,with25%ofallthepaperswithoutanymentionoftheissue(Table3).
Table3.Marketvs.bookvalueofdebtinfinancepapers
marketvalue
(48%)
bookvalue
(34%)
nomention
(25%)
MVvs.BV
Bae,Kang,Wang[2011],Chava,Purnanandam[2010],Ovtchinnikov[2010],Avra-
mov,Chordia,Jostova,Philipov[2009],Hahn,Lee[2009],Harford,Klasa,Walcott
[2009],Kisgen[2009],Leary[2009],Livdan,Sapriza,Zhang[2009],Banerjee,Das-
gupta,Kim[2008],Lemmon,Roberts,Zender[2008],Morellec,Zhdanov[2008],
Tserlukevich[2008],Tsyplakov[2008],Avramov,Chordia,Jostova,Philipov[2007],
Billett,DollyKing,Mauer[2007],Hennessy,Whited[2007],Kale,Shahrur[2007],
Strebulaev[2007],Wald,Long[2007],Zhdanov[2007],Ahn,Denis,Denis[2006],
Coles,Daniel,Naveen[2006],Flannery,Rangan[2006],Hackbarth,Miao,Morellec
[2006],Lerner[2006],Lewellen[2006],Childs,Mauer,Ott[2005],Datta,Iskandar-
Datta,Raman[2005],Hennessy,Whited[2005],Ju,Parrino,Poteshman,Weisbach
[2005],Kahle,Shastri[2005],Leary,Roberts[2005],Miao[2005],Molina[2005],
Billett,DollyKing,Mauer[2004],Ferguson,Shockley[2003],Frank,Goyal[2003],
Giannetti[2003],Korajczyk,Levy[2003],Dennis,Mayhew[2002],Goyal,Lehn,Ra-
cic[2002],Mansi,Reeb[2002],Haushalter[2000].
Bae,Kang,Wang[2011],Chava,Purnanandam[2010],George,Hwang[2010],Ovt-
chinnikov[2010],Chang,Dasgupta[2009],Chemmanur,Paeglis,Simonyan[2009],
Hahn,Lee[2009],Kisgen[2009],Leary[2009],Lee,Ng,Swaminathan[2009],Ovt-
chinnikov,McConnell[2009],Sibilkov[2009],Lemmon,Roberts,Zender[2008],
Purnanandam[2008],Kale,Shahrur[2007],Wald,Long[2007],Ahn,Denis,Denis
[2006],Alti[2006],Campello[2006],Coles,Daniel,Naveen[2006],Flannery,Ran-
gan[2006],Lewellen[2006],Bates[2005],Kahle,Shastri[2005],Molina[2005],
Frank,Goyal[2003],Korajczyk,Levy[2003],Mao[2003],Ang,Chen[2002],Goyal,
Lehn,Racic[2002],Haushalter[2000].
DeAngelo,DeAngelo,Whited[2011],He[2011],Francis,Hasan,John,Waisman
[2010],Gao[2010],Atanassov,Kim[2009],Berkman,Dimitrov,Jain,Koch,Tice
[2009],Qiu,Yu[2009],Stein[2009],Desai,Foley,Hines[2008],Francis,Hasan,
Hunter[2008],Huizinga,Laeven,Nicodeme[2008],Duffie,Saita,Wang[2007],
Marosi,Massoud[2007],Hovakimian[2006],Mitton[2006],Gupta,Liang[2005],
Chan,Ikenberry,Lee[2004],Hovakimian,Hovakimian,Tehranian[2004],Sun,Tong
[2003],Novaes[2002],Busaba,Benveniste,Guo[2001],Collin-Dufresne,Goldstein
[2001],Peyer,Shivdasan[2001].
Paper
Source:ownwork.
