Corporate financing and investment decisions when firms have information that investors do not have
Bibliographic Data
| ID | 23340970 |
|---|---|
| Authors | Stewart C Myers (Pontificia Universidad Católica de Chile), Nicholas S Majluf (Pontificia Universidad Católica de Chile) |
| Year | 1984 |
| Volume | 13 |
| Issue | 2 |
| Pages | 187-221 |
| Publication date | 1984-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Financial Economics (JOURNAL) |
| Journal identifiers | ISSN: 0304-405X • E-ISSN: 1879-2774 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/0304-405x(84)90023-0 |
| OpenAlex | W3124114405 |
| Language | EN |
| Citations received | 463 |
| References cited | 18 |
Behavioral economics · Business · Cash flow · Corporate Finance · Debt · Debt financing · Economics · Equity (law) · Equity financing · External financing · Internal financing · Investment (military) · Investment Decisions · Stock (firearms) · Capital Investment and Risk Analysis · Corporate Finance and Governance · Finance · Financial Reporting and Valuation Research
Stability with Growth
Factors affecting manufacturing firms’ access to modern waste management technology in Shaggar city, Ethiopia
The culture of political connections, financing constraints, and performance
Economic Consequences of Environmentally Sustainable Improvements for Corporate Liquidity in Emerging Markets
Debt- and Equity-Financed Investment
Corporate Governance and the Determinants of Investment
Stock Options and Dividend Protection
Liquidity Creation without Bank Panics and Deposit Insurance
Financing and Taxing New Firms under Asymmetric Information
Evidence for Profit Shifting with Tax-sensitive Capital Stocks
Corporate Financial Dynamics
The effect of social capital on small business performance in Cameroon
How digital finance affects poverty
ESG Controversies and Firm Value in Times of Crisis
Green Finance and Climate Technology
Análise das Condições de Acesso ao Financiamento pelas Micro, Pequenas e Médias Empresas em Moçambique-Caso do Banco Nacional de Investimento
Capital structure and performance nexus
Moderating role of board gender diversity and firm size on the relationship between free cash flow and corporate sustainability of Thai listed companies
Firm Size and Different Priorities in Capital Structure Policy
Air Pollution and Corporate Green Financial Constraints
Credibilidade, política monetária e racionamento de crédito
El financiamiento como estrategia de desarrollo en microempresas artesanales de San Bartolo Coyotepec, Oaxaca, México
The 2011 floods’ impact on the Thai industrial estates’ financial stability
Relationship between microfinance institutions' self‐sustainability and financing sources
Determinants of Financial Constraints
The Capital Structure of Microfinance Borrowers
The Role of credit in a Keynesian monetary economy
CEO gender, corporate risk-taking, and the efficiency of capital allocation
Do crises impact capital structure? A study of French micro-enterprises
Trade credit and SME profitability
Josh Lerner
The role of demographics in small business loan pricing
The physical foundation of economics
Why Financial Structure Matters
Financial Factors in the Great Depression
Información en el mercado de valores y tutela del inversor
Investment incentives and leverage
Investissement des entreprises et contraintes financières en France et aux États-Unis
Pandemic Shocks and Household Spending
Capital Market Liberalization, Economic Growth, and Instability
Institutions, ownership, and finance
Investment and financial volatility in Latin America
Determinantes del nivel de efectivo de las compañías colombianas
Corporate Capital Structure and the Influence of Universal Banks in Pre- World War I Germany
L'instabilité financière selon Minsky
La hiérarchie des financements des investissements des PME
Les offres publiques d'achat et d'échange. Une synthèse de la littérature
Note sur un modèle dynamique de rationnement du crédit
Asymmetric Information, Financing Constraints, and Investment
The Effects of Uncertainty and Adjustment Costs on Investment in the Almond Industry
The Financial Accelerator and the Flight to Quality
Sources of the Financing Hierarchy for Business Investment
Innovative Capability and Financing Constraints for Innovation
Shareholding in the Keiretsu, Japan's Financial Groups
Dynamic Investment Models and the Firm's Financial Policy
Shark Repellents and Managerial Myopia
Internal Net Worth and the Investment Process
Macroprudential Policy, Countercyclical Bank Capital Buffers, and Credit Supply
Dynamics of R & D and Investment in the Scientific Sector
Default and the Maturity Structure in Sovereign Bonds
Outward Orientation, Investment and Finance Constraints
Financial Contracting under Risk Neutrality, Limited Liability and Ex ante Asymmetric Information
Financial Innovation and Delegation of Control
Commercial banking in a market-oriented financial system
T. S. Ashton Prize
Bank Control, Owner Control, or Organizational Dynamics
How hotel firm value fluctuates with alternative leveraging strategies
Debt Financing
Agency Theory
Capital Structure
Rights Issues
Firms, Contracts, and Financial Structure
Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?
Competition, Small Business Financing, and Discrimination
The Contributions of the Economics of Information to Twentieth Century Economics
Financing patterns around the world
An Incomplete Contracts Approach to Financial Contracting
The determinants and implications of corporate cash holdings
Financially Fragile Households
Financial Contracting Theory Meets the Real World
Over-investment of free cash flow
The financing of business start-ups
Do shareholders benefit from green bonds?
Corporate Social Responsibility and Investment Efficiency
Fostering green development with green finance
Property Rights and Finance
Government Weakness and Local Public Debt Development in Flemish Municipalities
Exploration and exploitation alliances in biotechnology
Technological Innovation, Resource Allocation, and Growth
Government intervention and investment efficiency
Do financing constraints matter for R&D?
Chapter 12 Finance and Growth
The economics of small business finance
Information and the Change in the Paradigm in Economics
The Government as Venture Capitalist
The financing of local government in China
The theory and practice of corporate finance
How does financial reporting quality relate to investment efficiency?
Who is financing corporate green innovation?
Silver Signals
| Unique citing works | 463 |
|---|---|
| Citations per year | 11,87 |
| Citation span | 1987 - 2026 (40) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 396 |