Vojislav Maksimovic

University of Maryland - Robert H. Smith School of Business

William A. Longbrake Chair in Finance

Van Munching Hall

College Park, MD 20742-1815

United States

http://scholar.rhsmith.umd.edu/vmax/home

SCHOLARLY PAPERS

55

DOWNLOADS

28,077

CITATIONS
Rank 181

SSRN RANKINGS

Top 181

in Total Papers Citations

1,860

Scholarly Papers (55)

1.

Formal versus Informal Finance: Evidence from China

World Bank Policy Research Working Paper No. 4465
Number of pages: 77 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 1,859 (7,959)
Citation 46

Abstract:

Loading...

Access to Finance, Banks & Banking Reform, Debt Markets, Bankruptcy and Resolution of Financial Distress

2.

Small vs. Young Firms Across the World: Contribution to Employment, Job Creation, and Growth

World Bank Policy Research Working Paper No. 5631
Number of pages: 43 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 1,523 (11,022)
Citation 3

Abstract:

Loading...

Labor Markets, Microfinance, Small Scale Enterprise, Labor Policies, Access to Finance

3.

Trade Credit, Collateral, and Adverse Selection

Number of pages: 41 Posted: 15 May 1998
Vojislav Maksimovic and Murray Z. Frank
University of Maryland - Robert H. Smith School of Business and University of Minnesota
Downloads 1,498 (11,333)
Citation 49

Abstract:

Loading...

4.
Downloads 1,445 ( 11,974)

Law, Finance and Firm Growth

Number of pages: 44 Posted: 27 Nov 1998
Asli Demirgüç-Kunt and Vojislav Maksimovic
World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 1,445 (11,732)
Citation 409

Abstract:

Loading...

Law, Finance and Firm Growth

Journal of Finance, Vol. 53, December 1998
Posted: 26 Nov 1998
Asli Demirgüç-Kunt and Vojislav Maksimovic
World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business

Abstract:

Loading...

How Important are Financing Constraints? The Role of Finance in the Business Environment

World Bank Policy Research Working Paper No. 3820
Number of pages: 59 Posted: 14 Nov 2005
Vojislav Maksimovic, Asli Demirgüç-Kunt and Meghana Ayyagari
University of Maryland - Robert H. Smith School of Business, World Bank - Development Research Group and George Washington University - School of Business
Downloads 1,084 (18,355)
Citation 27

Abstract:

Loading...

Pro-Poor Growth and Inequality Inequality Economic Conditions and Volatility Private Participation in Infrastructure Economic Growth

How Important are Financing Constraints? The Role of Finance in the Business Environment

World Bank Policy Research Working Paper No. 3820
Number of pages: 47 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 206 (144,200)
Citation 27

Abstract:

Loading...

Emerging Markets, Access to Finance, Microfinance, Debt Markets, Achieving Shared Growth

How Important are Financing Constraints? The Role of Finance in the Business Environment

The World Bank Economic Review, Vol. 22, No. 3, pp. 483-516, 2008
Posted: 31 Dec 2008
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business

Abstract:

Loading...

D21, G30, O12

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?

AFA 2001 New Orleans
Number of pages: 56 Posted: 16 Mar 2000
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 1,257 (14,616)
Citation 156

Abstract:

Loading...

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?

Journal of Finance, Forthcoming
Posted: 23 May 2001
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...

Mergers, Asset Sales, Conglomerate Firms, Productivity

7.

Technological Innovation and Initial Public Offerings

Number of pages: 43 Posted: 27 Sep 1998
Vojislav Maksimovic and Pegaret Pichler
University of Maryland - Robert H. Smith School of Business and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 1,182 (16,433)
Citation 65

Abstract:

Loading...

Finance, industrial organization

8.

Conglomerate Firms and Internal Capital Markets

Number of pages: 96 Posted: 21 Nov 2006
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 1,126 (17,669)
Citation 26

Abstract:

Loading...

Conglomerate firms, multidivisional firms, firm organization, investment, internal capital markets, conglomerates

9.

Redefining Financial Constraints: A Text-Based Analysis

Number of pages: 55 Posted: 08 Sep 2011 Last Revised: 24 Oct 2014
Gerard Hoberg and Vojislav Maksimovic
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Maryland - Robert H. Smith School of Business
Downloads 1,091 (18,538)
Citation 6

Abstract:

Loading...

Financial Constraints, Research and Development, Equity Issuance, Asymmetric Information, Debt Overhang, Debt Issuance, Text-Based Analysis

10.

Disclosure, Business Change and Earnings Quality

Number of pages: 54 Posted: 04 May 2013 Last Revised: 09 Sep 2015
Christopher Ball, Gerard Hoberg and Vojislav Maksimovic
Meta Heuristica, LLC, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Maryland - Robert H. Smith School of Business
Downloads 1,074 (18,975)

Abstract:

Loading...

10-K, MD&A, Disclosure, Value Relevance, Text Analytics, Latent Dirichlet Allocation, Discretionary Accruals

11.

Private Versus Public Offerings: Optimal Selling Mechanisms with Adverse Selection

Number of pages: 56 Posted: 01 Sep 1999
Vojislav Maksimovic and Pegaret Pichler
University of Maryland - Robert H. Smith School of Business and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 972 (21,996)
Citation 15

Abstract:

Loading...

Do Conglomerate Firms Allocate Resources Inefficiently?

Number of pages: 51 Posted: 18 Aug 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 914 (23,630)
Citation 141

Abstract:

Loading...

Do Conglomerate Firms Allocate Resources Inefficiently?

Journal of Finance, Forthcoming
Posted: 23 May 2001
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...

13.

Financial Structure and Economic Development: Firm, Industry, and Country Evidence

World Bank Policy Research Working Paper No. 2423
Number of pages: 61 Posted: 20 Apr 2016
Vojislav Maksimovic, Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine
University of Maryland - Robert H. Smith School of Business, City University London - Sir John Cass Business School, World Bank - Development Research Group and University of California, Berkeley - Haas School of Business
Downloads 839 (27,223)
Citation 34

Abstract:

Loading...

14.
Downloads 832 ( 27,563)
Citation 21

Private and Public Merger Waves

Number of pages: 47 Posted: 18 Jun 2010
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland
Downloads 542 (48,205)
Citation 21

Abstract:

Loading...

Merger Waves, Private Firms, Initial Conditions, TFP

Private and Public Merger Waves

Journal of Finance, Forthcoming
Number of pages: 48 Posted: 08 May 2012
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland
Downloads 290 (101,707)
Citation 20

Abstract:

Loading...

Mergers and Acquisitions, Private Firms

15.

Firm Innovation in Emerging Markets: The Roles of Governance and Finance

World Bank Policy Research Working Paper No. 4157
Number of pages: 56 Posted: 20 Apr 2016
Vojislav Maksimovic, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of Business and World Bank - Development Research Group
Downloads 771 (30,576)
Citation 9

Abstract:

Loading...

Education for Development (superceded), Microfinance, Small Scale Enterprise, Investment and Investment Climate, Innovation

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

AFA 2005 Philadelphia Meetings
Number of pages: 44 Posted: 16 Jan 2005
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 621 (40,341)
Citation 17

Abstract:

Loading...

conglomerates, acquisitions, mergers, investment, conglomerate, mulit-industry, productivity

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

NBER Working Paper No. w12297
Number of pages: 42 Posted: 16 Jun 2006 Last Revised: 09 Aug 2010
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 36 (440,605)
Citation 17

Abstract:

Loading...

17.

Institutions, Financial Markets and Firm Debt Maturity

World Bank Policy Research Working Paper No. 1686
Number of pages: 52 Posted: 13 Jan 2005
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 623 (40,745)
Citation 132

Abstract:

Loading...

18.

Bank Competition, Financing Obstacles, and Access to Credit

World Bank Policy Research Working Paper No. 2996
Number of pages: 52 Posted: 20 Apr 2016
Thorsten Beck, Vojislav Maksimovic and Asli Demirgüç-Kunt
City University London - Sir John Cass Business School, University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 565 (46,342)
Citation 19

Abstract:

Loading...

The Rise of Star Firms: Intangible Capital and Competition

Number of pages: 75 Posted: 21 Aug 2018 Last Revised: 29 Apr 2019
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 518 (51,142)

Abstract:

Loading...

star firms, intangible capital, organizational capital, industry concentration, ROIC, capital expenditure

Who are America's Star Firms?

World Bank Policy Research Working Paper No. 8534
Number of pages: 70 Posted: 28 Aug 2018
Meghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 34 (449,376)

Abstract:

Loading...

Plastics & Rubber Industry, Business Cycles and Stabilization Policies, Textiles, Apparel & Leather Industry, Pulp & Paper Industry, Food & Beverage Industry, Common Carriers Industry, Construction Industry, General Manufacturing, Labor Markets, Employment and Unemployment

20.

Financing Patterns Around the World: The Role of Institutions

World Bank Policy Research Working Paper No. 2905
Number of pages: 55 Posted: 20 Apr 2016
Asli Demirgüç-Kunt, Vojislav Maksimovic and Thorsten Beck
World Bank - Development Research Group, University of Maryland - Robert H. Smith School of Business and City University London - Sir John Cass Business School
Downloads 544 (48,594)
Citation 18

Abstract:

Loading...

21.

Funding Growth in Bank-Based and Market-Based Financial Systems: Evidence from Firm-Level Data

World Bank Policy Research Working Paper No. 2432
Number of pages: 36 Posted: 20 Apr 2016
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 520 (51,493)
Citation 78

Abstract:

Loading...

22.

Financing of Firms in Developing Countries: Lessons from Research

World Bank Policy Research Working Paper No. 6036
Number of pages: 99 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 487 (55,933)
Citation 1

Abstract:

Loading...

Debt Markets, Access to Finance, Emerging Markets, Financial Literacy, Banks & Banking Reform

23.

Firms as Financial Intermediaries: Evidence from Trade Credit Data

World Bank Policy Research Working Paper No. 2696
Number of pages: 50 Posted: 20 Apr 2016
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 476 (57,608)
Citation 45

Abstract:

Loading...

Conglomerate Firms, Internal Capital Markets and the Theory of the Firm

Robert H. Smith School Research Paper
Number of pages: 27 Posted: 04 Aug 2013
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 474 (57,263)

Abstract:

Loading...

Efficiency, Firm Valuation, Neoclassical Model, Multisegment Firms, Conglomerate Discount

Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm

Annual Review of Financial Economics, Vol. 5, pp. 225-244, 2013
Posted: 08 Nov 2013
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...

25.

How Well Do Institutional Theories Explain Firms' Perceptions of Property Rights?

World Bank Policy Research Working Paper No. 3709
Number of pages: 47 Posted: 21 Feb 2005
Vojislav Maksimovic, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of Business and World Bank - Development Research Group
Downloads 472 (58,187)
Citation 17

Abstract:

Loading...

Law, Property Rights, Variance Decomposition

What Determines Protection of Property Rights? An Analysis of Direct and Indirect Effects

Robert H. Smith School Research Paper No. RHS 06-032
Number of pages: 55 Posted: 22 Mar 2006 Last Revised: 13 Nov 2009
Vojislav Maksimovic, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of Business and World Bank - Development Research Group
Downloads 338 (85,869)
Citation 6

Abstract:

Loading...

Property Rights, Legal Origin, Endowments, Directed Acyclic Graphs

What Determines Protection of Property Rights? An Analysis of Direct and Indirect Effects

World Bank Policy Research Working Paper No. 3940
Number of pages: 54 Posted: 20 Apr 2016
Vojislav Maksimovic, Meghana Ayyagari and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, George Washington University - School of Business and World Bank - Development Research Group
Downloads 122 (226,090)
Citation 6

Abstract:

Loading...

Legal Institutions of the Market Economy, Judicial System Reform, Anthropology, Gender and Law, Legal Products

Asset Efficiency and Reallocation Decisions of Bankrupt Firms

Number of pages: 45 Posted: 23 Jul 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 432 (64,163)
Citation 49

Abstract:

Loading...

Asset Efficiency and Reallocation Decisions of Bankrupt Firms

Journal of Finance, Vol. 53, No. 5, October 1998
Posted: 24 Jul 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...

28.

Financial and Legal Constraints to Firm Growth: Does Size Matter?

World Bank Policy Research Working Paper No. 2784
Number of pages: 56 Posted: 20 Apr 2016
Vojislav Maksimovic, Thorsten Beck and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business, City University London - Sir John Cass Business School and World Bank - Development Research Group
Downloads 421 (66,862)
Citation 226

Abstract:

Loading...

29.

Business Environment and the Incorporation Decision

World Bank Policy Research Working Paper No. 3317
Number of pages: 36 Posted: 20 Apr 2016
Asli Demirgüç-Kunt, Vojislav Maksimovic and Inessa Love
World Bank - Development Research Group, University of Maryland - Robert H. Smith School of Business and World Bank - Development Economics Data Group (DECDG)
Downloads 346 (84,198)
Citation 19

Abstract:

Loading...

30.

Financial Constraints, Uses of Funds, and Firm Growth: An International Comparison

World Bank Policy Research Working Paper No. 1671
Number of pages: 54 Posted: 20 Apr 2016
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 342 (85,308)
Citation 13

Abstract:

Loading...

Post-Merger Restructuring and the Boundaries of the Firm

Number of pages: 53 Posted: 10 Aug 2008
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 197 (150,410)
Citation 17

Abstract:

Loading...

acquisitions, mergers, investment, dispositions, conglomerate, restructuring, productivity

Post-Merger Restructuring and the Boundaries of the Firm

US Census Bureau Center for Economic Studies Paper No. CES-WP-11-11
Number of pages: 55 Posted: 17 Apr 2011
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 114 (238,011)
Citation 17

Abstract:

Loading...

Post-Merger Restructuring and the Boundaries of the Firm

NBER Working Paper No. w14291
Number of pages: 53 Posted: 01 Sep 2008 Last Revised: 21 Jul 2010
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 26 (490,368)
Citation 17

Abstract:

Loading...

32.

Financial Constraints, Uses of Funds and Firm Growth: An International Comparison

World Bank Policy Research Paper No. 1671
Number of pages: 54 Posted: 13 Jan 2005
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 284 (104,541)
Citation 13

Abstract:

Loading...

33.

Are Innovating Firms Victims or Perpetrators? Tax Evasion, Bribe Payments, and the Role of External Finance in Developing Countries

World Bank Policy Research Working Paper No. 5389
Number of pages: 57 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 270 (110,374)
Citation 1

Abstract:

Loading...

Access to Finance, Taxation & Subsidies, Public Sector Corruption & Anticorruption Measures, Debt Markets, Public Sector Economics

34.

Structuring the Initial Offering: Who to Sell to and How to Do it

Number of pages: 44 Posted: 07 Apr 2004
Vojislav Maksimovic and Pegaret Pichler
University of Maryland - Robert H. Smith School of Business and Northeastern University, D’Amore-McKim School of Business, Finance Area
Downloads 268 (111,259)
Citation 9

Abstract:

Loading...

Mechanism design, IPOs

35.

Product Life Cycles in Corporate Finance

Number of pages: 62 Posted: 01 Jun 2018 Last Revised: 14 Jan 2019
Gerard Hoberg and Vojislav Maksimovic
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Maryland - Robert H. Smith School of Business
Downloads 251 (119,547)

Abstract:

Loading...

product life cycles, corporate investment, mergers, acquisitions, divestitures, tobins Q, text analysis

36.

Consistent Estimation of Cross-Sectional Models in Event Studies

Review of Financial Studies, Vol. 3, pp. 343-365, 1990
Number of pages: 30 Posted: 12 Nov 2008
B. Espen Eckbo, Vojislav Maksimovic and Joseph Williams
Tuck School of Business at Dartmouth, University of Maryland - Robert H. Smith School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 238 (125,617)
Citation 54

Abstract:

Loading...

Event studies, voluntary events, consistent estimation, selection bias, OLS, GLS, ML estimation, nonlinear estimator, synergy gains, horizontal mergers, bidder gains

37.

Financial and Legal Institutions and Firm Size

World Bank Policy Research Working Paper No. 2997
Number of pages: 46 Posted: 20 Apr 2016
Thorsten Beck, Vojislav Maksimovic and Asli Demirgüç-Kunt
City University London - Sir John Cass Business School, University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group
Downloads 226 (132,224)
Citation 118

Abstract:

Loading...

38.

SME Finance

World Bank Policy Research Working Paper No. 8241
Number of pages: 61 Posted: 14 Nov 2017
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 186 (158,764)

Abstract:

Loading...

Technology Innovation, Technology Industry, Finance and Development, Financial Economics

39.

Competition and Operating Volatilities around the World

Number of pages: 50 Posted: 17 Apr 2013 Last Revised: 12 May 2017
Tanakorn Makaew and Vojislav Maksimovic
Securities and Exchange Commission (SEC) and University of Maryland - Robert H. Smith School of Business
Downloads 160 (181,148)

Abstract:

Loading...

Firm Risk, Volatility, Competition, Financial Development, Cash Holding

40.

Do Phoenix Miracles Exist? Firm-Level Evidence from Financial Crises

World Bank Policy Research Working Paper No. 5799
Number of pages: 65 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 117 (232,328)

Abstract:

Loading...

Debt Markets, Access to Finance, Bankruptcy and Resolution of Financial Distress, Emerging Markets, Economic Theory & Research

Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality

Tuck School of Business Working Paper No. 3093125
Number of pages: 55 Posted: 27 Dec 2017 Last Revised: 18 Mar 2019
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland
Downloads 90 (279,905)

Abstract:

Loading...

IPOs, Public Firms, Private Firms, Myopia

Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality

NBER Working Paper No. w24104
Number of pages: 50 Posted: 12 Dec 2017
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland
Downloads 15 (558,800)
  • Add to Cart

Abstract:

Loading...

Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality

NBER Working Paper No. w25634
Number of pages: 56 Posted: 12 Mar 2019 Last Revised: 10 Apr 2019
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland
Downloads 10 (591,327)
  • Add to Cart

Abstract:

Loading...

42.

What Determines Entrepreneurial Outcomes in Emerging Markets? The Role of Initial Conditions

World Bank Policy Research Working Paper No. 7207
Number of pages: 83 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 107 (247,674)

Abstract:

Loading...

Labor Markets, Labor Policies, Microfinance, Environmental Economics & Policies, Banks & Banking Reform

43.

Fewer and Less Skilled? Human Capital, Competition, and Entrepreneurial Success in Manufacturing

Number of pages: 81 Posted: 03 Jan 2018
Meghana Ayyagari and Vojislav Maksimovic
George Washington University - School of Business and University of Maryland - Robert H. Smith School of Business
Downloads 85 (287,788)

Abstract:

Loading...

Entrepreneurship, Human Capital, Skills, Competitive Shock, Firm Entry

44.

Demand Shock, Liquidity Management, and Firm Growth During the Financial Crisis

FEDS Working Paper No. 2015-96
Number of pages: 59 Posted: 13 Nov 2015
Vojislav Maksimovic, T. Mandy Tham and Youngsuk Yook
University of Maryland - Robert H. Smith School of Business, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System
Downloads 77 (305,269)

Abstract:

Loading...

Financial crisis, demand shock, liquidity management, trade credit, inventory

45.

Are Large Firms Born or Made? Evidence from Developing Countries

World Bank Policy Research Working Paper No. 7406
Number of pages: 54 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 72 (317,190)

Abstract:

Loading...

Technology Industry, Technology Innovation

46.

Do Firms in Developing Countries Grow as They Age?

Robert H. Smith School Research Paper No. 2405725
Number of pages: 75 Posted: 08 Mar 2014
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 65 (335,043)

Abstract:

Loading...

Firm Growth, Financial Constraints, Firm Life-Cycle, Establishment Growth, Firm Size, Labor Regulations

The Rise of Star Firms: Intangible Capital and Competition

World Bank Policy Research Working Paper No. 8832
Number of pages: 63 Posted: 30 Apr 2019
Meghana Ayyagari, Asli Demirguc-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank and University of Maryland - Robert H. Smith School of Business
Downloads 35 (444,985)

Abstract:

Loading...

The Rise of Star Firms: Intangible Capital and Competition

Number of pages: 75 Posted: 26 Apr 2019
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 20 (533,359)

Abstract:

Loading...

star firms, intangible capital, organizational capital, industry concentration, ROIC, capital expenditure

48.

Who Benefits from the Decline of American Manufacturing? Evidence from 142,663 Foreign and Domestic Entries in China

Number of pages: 89 Posted: 27 Dec 2018
Minwen Li, Tanakorn Makaew and Vojislav Maksimovic
Tsinghua Universitiy - School of Economics and Management, Securities and Exchange Commission (SEC) and University of Maryland - Robert H. Smith School of Business
Downloads 53 (370,097)

Abstract:

Loading...

Globalization, International Trade, Trade War, Export, Financial Development, Financial Constraint, Entrepreneurship, China

49.

Size and Age of Establishments: Evidence from Developing Countries

World Bank Policy Research Working Paper No. 6718
Number of pages: 77 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 35 (434,890)

Abstract:

Loading...

Microfinance, Banks & Banking Reform, Scientific Research & Science Parks, Science Education, Labor Markets

50.

Does Local Financial Development Matter for Firm Lifecycle in India?

World Bank Policy Research Working Paper No. 7008
Number of pages: 64 Posted: 20 Apr 2016
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business
Downloads 32 (447,497)

Abstract:

Loading...

Financial Economics, Finance and Development, Access to Finance

51.

Financial and Legal Constraints to Growth: Does Firm Size Matter?

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 11 Nov 2009
Asli Demirgüç-Kunt, Vojislav Maksimovic and Thorsten Beck
World Bank - Development Research Group, University of Maryland - Robert H. Smith School of Business and City University London - Sir John Cass Business School

Abstract:

Loading...

Financial regulations, Regulations, Legal systems, Corruption in government, Experimental/primary research, World Business Environment Survey, Banking industry, Firm size, Regulations, Firm growth

52.

How Well Do Institutional Theories Explain Firms Perceptions of Property Rights?

The Review of Financial Studies, Vol. 21, Issue 4, pp. 1833-1871, 2008
Posted: 08 Aug 2008
Meghana Ayyagari, Asli Demirgüç-Kunt and Vojislav Maksimovic
George Washington University - School of Business, World Bank - Development Research Group and University of Maryland - Robert H. Smith School of Business

Abstract:

Loading...

53.

Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence

The Journal of Finance, Vol. 57, pp. 721-767, 2002
Posted: 25 Apr 2002
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...

54.

Capital Structure in Developing Countries: Evidence from Ten Country Cases

Posted: 22 Aug 1998
Vojislav Maksimovic and Asli Demirgüç-Kunt
University of Maryland - Robert H. Smith School of Business and World Bank - Development Research Group

Abstract:

Loading...

55.

Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence

Posted: 26 Aug 1996
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

Abstract:

Loading...