Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 607

The DOI matches its Crossref record; 49 of the 49 references it cites were found in a registry or an index.

Capital Structure as a Strategic Variable: Evidence from Collective Bargaining

MATSA, DAVID A.·2010·The Journal of Finance
DOI 10.1111/j.1540-6261.2010.01565.x
Open this paper in CoChat — free account

Abstract

I analyze the strategic use of debt financing to improve a firm's bargaining position with an important supplier—organized labor. Because maintaining high levels of corporate liquidity can encourage workers to raise their wage demands, a firm with external finance constraints has an incentive to use the cash flow demands of debt service to improve its bargaining position with workers. Using both firm‐level collective bargaining coverage and state changes in labor laws to identify changes in union bargaining power, I show that strategic incentives from union bargaining appear to have a substantial impact on corporate financing decisions.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1111/j.1540-6261.2010.01565.x

Cites

49 of 49 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 49 references

Cited by

See all 607

Metadata

Authors
MATSA, D. A.
Venue
The Journal of Finance
Publisher
Wiley
Published
2010-05-07
Volume
65
Issue
3
Pages
1197-1232
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2010.01565.x
OpenAlex
W2139849150
Cited by
607
References
49
FWCI
100.17
Type
journal article
Language
en
Open access
closed

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: Capital Structure as a Strategic Variable: Evidence from Collective Bargaining. https://app.cochat.ai/papers/10.1111/j.1540-6261.2010.01565.x
The paper
MATSA, D. A. (2010). Capital Structure as a Strategic Variable: Evidence from Collective Bargaining. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2010.01565.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.