Mark T. Leary

Washington University in St. Louis - Olin Business School

One Brookings Drive

Campus Box 1133

St. Louis, MO 63130-4899

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

16

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26,973

SSRN CITATIONS
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Top 2,027

in Total Papers Citations

385

CROSSREF CITATIONS

204

Scholarly Papers (16)

A Review of Empirical Capital Structure Research and Directions for the Future

Annual Review of Financial Economics, Vol. 3, 2011
Number of pages: 59 Posted: 22 Dec 2010 Last Revised: 24 Oct 2011
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 11,881 (349)
Citation 48

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capital structure, leverage, debt ratio, tradeoff theory, financial contracting, target leverage, speed of adjustment, partial adjustment model

A Review of Empirical Capital Structure Research and Directions for the Future

Annual Review of Financial Economics, Vol. 3, pp. 309-345, 2011
Posted: 10 Jan 2012
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School

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2.

The Pecking Order, Debt Capacity, and Information Asymmetry

Number of pages: 57 Posted: 09 Jun 2004
Mark T. Leary and Michael R. Roberts
Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 2,542 (5,435)
Citation 57

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Capital Structure, Pecking Order, Information Asymmetry, Debt Capacity

A Century of Capital Structure: The Leveraging of Corporate America

Number of pages: 62 Posted: 25 Feb 2013 Last Revised: 12 Aug 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 2,440 (5,709)
Citation 6

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capital structure, leverage, financial policy, government debt, taxes, bankruptcy costs, financial sector

A Century of Capital Structure: The Leveraging of Corporate America

NBER Working Paper No. w19910
Number of pages: 67 Posted: 10 Mar 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 37 (484,554)
Citation 26

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4.

Do Firms Rebalance Their Capital Structures?

Number of pages: 58 Posted: 03 Aug 2004
Mark T. Leary and Michael R. Roberts
Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 1,920 (8,740)
Citation 136

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5.

Do Peer Firms Affect Corporate Financial Policy?

Number of pages: 57 Posted: 12 Jun 2010 Last Revised: 13 Dec 2011
Mark T. Leary and Michael R. Roberts
Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 1,645 (11,250)
Citation 51

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Peer effects, Capital structure, Financing choice, Externalities, Industry

6.

Determinants of Dividend Smoothing: Empirical Evidence

AFA 2011 Denver Meetings Paper, Johnson School Research Paper Series No. 18-2010
Number of pages: 74 Posted: 18 Mar 2010 Last Revised: 02 Jul 2011
Mark T. Leary and Roni Michaely
Washington University in St. Louis - Olin Business School and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1,238 (17,447)
Citation 35

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7.
Downloads 928 ( 26,691)
Citation 3

CEO-Board Dynamics

Number of pages: 70 Posted: 22 Mar 2017 Last Revised: 14 Jun 2019
John R. Graham, Hyunseob Kim and Mark T. Leary
Duke University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Washington University in St. Louis - Olin Business School
Downloads 920 (26,658)
Citation 3

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Governance, Chief Executive, Board of Directors, Dynamic Contracting, Bargaining, Compensation, Monitoring

Ceo-Board Dynamics

NBER Working Paper No. w26004
Number of pages: 64 Posted: 01 Jul 2019
John R. Graham, Hyunseob Kim and Mark T. Leary
Duke University, Cornell University - Samuel Curtis Johnson Graduate School of Management and Washington University in St. Louis - Olin Business School
Downloads 8 (674,848)
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How Does Government Borrowing Affect Corporate Financing and Investment?

Number of pages: 53 Posted: 18 Apr 2014 Last Revised: 06 Oct 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 833 (30,708)

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Capital Structure, Cash Policy, Investment, Government Debt, Fiscal Policy, Safe Assets

How Does Government Borrowing Affect Corporate Financing and Investment?

NBER Working Paper No. w20581
Number of pages: 53 Posted: 15 Oct 2014
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 24 (558,204)
Citation 2

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9.
Downloads 776 ( 34,354)
Citation 16

The Evolution of Corporate Cash

Number of pages: 74 Posted: 07 Jul 2016 Last Revised: 22 Jun 2018
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 751 (35,372)
Citation 3

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Cash, Liquidity, IPO, Economic Growth

NBER Working Paper No. w23767
Number of pages: 72 Posted: 11 Sep 2017 Last Revised: 15 Jun 2020
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 24 (558,204)
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The Evolution of Corporate Cash

Journal of Applied Corporate Finance, Vol. 30, Issue 4, pp. 36-60, 2018
Number of pages: 27 Posted: 25 Feb 2019
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 1 (741,635)
Citation 5
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10.

Bank Loan Supply, Lender Choice, and Corporate Capital Structure

Johnson School Research Paper Series No. 10-08
Number of pages: 63 Posted: 27 Sep 2008
Mark T. Leary
Washington University in St. Louis - Olin Business School
Downloads 683 (40,839)
Citation 38

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11.

Why Firms Smooth Dividends: Empirical Evidence

Johnson School Research Paper Series No. 11-08
Number of pages: 58 Posted: 29 Sep 2008
Mark T. Leary and Roni Michaely
Washington University in St. Louis - Olin Business School and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 580 (50,662)
Citation 3

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12.

Analyst Coverage Networks and Corporate Financial Policies

Number of pages: 59 Posted: 30 Dec 2015 Last Revised: 28 Sep 2017
Washington University in Saint Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - Olin Business School and University of Chile- School of Economics and Business
Downloads 541 (55,322)
Citation 2

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Peer effects, Analyst Coverage Network, Corporate Financial Policies

13.

Do Investors Value Dividend Smoothing Stocks Differently?

Forthcoming, Management Science, Johnson School Research Paper Series No. 17-2012
Number of pages: 42 Posted: 17 Mar 2012 Last Revised: 01 May 2016
Yelena Larkin, Mark T. Leary and Roni Michaely
York University - Schulich School of Business, Washington University in St. Louis - Olin Business School and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 513 (59,178)
Citation 3

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dividend, payout, dividend smoothing, institutions

14.

Do Dividends Convey Information About Future Earnings?

Number of pages: 59 Posted: 21 May 2018 Last Revised: 24 Apr 2019
Charles (Chad) Ham, Zachary Kaplan and Mark T. Leary
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and Washington University in St. Louis - Olin Business School
Downloads 356 (91,564)
Citation 5

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Dividends, Earnings Expectations, Payout Policy

15.

New York State's Merchandise Export Gap

Current Issues in Economics and Finance, Vol. 2, No. 12, November 1996
Number of pages: 6 Posted: 19 Jul 2007
Howard Howe and Mark T. Leary
Federal Reserve Bank of New York and Washington University in St. Louis - Olin Business School
Downloads 30 (507,499)

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16.

The Leveraging of Corporate America: A Long‐Run Perspective on Changes in Capital Structure

Journal of Applied Corporate Finance, Vol. 28, Issue 4, pp. 29-37, 2016
Number of pages: 11 Posted: 20 Jan 2017
John R. Graham, Mark T. Leary and Michael R. Roberts
Duke University, Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)
Downloads 6 (661,854)
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