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

15

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23,124

CITATIONS
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Top 1,429

in Total Papers Citations

391

Scholarly Papers (15)

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 10,653 (279)
Citation 18

Abstract:

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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 2,317 (4,064)
Citation 50

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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 2,182 (4,881)
Citation 2

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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 27 (431,436)
Citation 2

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4.

Do Firms Rebalance Their Capital Structures?

14th Annual Utah Winter Finance Conference; Tuck Contemporary Corporate Finance Issues III Conference Paper
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 1,788 (6,460)
Citation 230

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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 1,369 (9,374)
Citation 13

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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 Cornell University - Cornell Tech NYC
Downloads 1,020 (15,044)
Citation 9

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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 663 (31,664)

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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 17 (488,615)

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8.

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 554 (34,840)
Citation 59

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9.

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 Cornell University - Cornell Tech NYC
Downloads 440 (46,339)
Citation 5

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10.

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
Schulich School of Business, York University, Washington University in St. Louis - Olin Business School and Cornell University - Cornell Tech NYC
Downloads 430 (56,002)
Citation 3

Abstract:

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dividend, payout, dividend smoothing, institutions

11.
Downloads 396 ( 62,161)

The Evolution of Corporate Cash

Number of pages: 71 Posted: 07 Jul 2016 Last Revised: 23 Aug 2017
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 387 (63,259)

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Cash, Liquidity, IPO, Economic Growth

The Evolution of Corporate Cash

NBER Working Paper No. w23767
Number of pages: 72 Posted: 11 Sep 2017
John R. Graham and Mark T. Leary
Duke University and Washington University in St. Louis - Olin Business School
Downloads 9 (534,704)
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12.

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 25 (415,208)
Citation 2

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13.

CEO Power and Board Dynamics

Number of pages: 58 Posted: 22 Mar 2017 Last Revised: 28 Mar 2017
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 0 (78,538)

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CEOs, boards, bargaining power, dynamics

14.

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 0 (541,264)
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15.

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 0 (76,633)

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Peer effects, Analyst Coverage Network, Corporate Financial Policies