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Cited by 585

The DOI matches its Crossref record; 39 of the 39 references it cites were found in a registry or an index.

Access to Capital, Capital Structure, and the Funding of the Firm

BRAV, OMER·2009·The Journal of Finance
DOI 10.1111/j.1540-6261.2008.01434.x
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Abstract

Based upon a large data set of public and private firms in the United Kingdom, I find that compared to their public counterparts, private firms rely almost exclusively on debt financing, have higher leverage ratios, and tend to avoid external capital markets, leading to a greater sensitivity of their capital structures to fluctuations in performance. I argue that these differences are due to private equity being more costly than public equity. I further examine the private firms subsample to show that private equity is more costly than its public counterpart due to information asymmetry and the desire to maintain control.

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Crossref · 10.1111/j.1540-6261.2008.01434.x

Cites

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Metadata

Authors
BRAV, O.
Venue
The Journal of Finance
Publisher
Wiley
Published
2009-01-23
Volume
64
Issue
1
Pages
263-308
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2008.01434.x
OpenAlex
W2110273241
Cited by
585
References
39
FWCI
99.31
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Access to Capital, Capital Structure, and the Funding of the Firm. https://app.cochat.ai/papers/10.1111/j.1540-6261.2008.01434.x
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BRAV, O. (2009). Access to Capital, Capital Structure, and the Funding of the Firm. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2008.01434.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.