User profiles for S. Titman
Sheridan TitmanProfessor of Finance, University of Texas Verified email at mail.utexas.edu Cited by 98544 |
Empirical capital structure: A review
… For example, we explore how a firm’s financing choices influences its incentive to invest in
its workers, price its products, form relationships with suppliers, or compete aggressively with …
its workers, price its products, form relationships with suppliers, or compete aggressively with …
Momentum
N Jegadeesh, S Titman - Annu. Rev. Financ. Econ., 2011 - annualreviews.org
… evidence indicates that investors who use momentum signals should pay attention to the
market exposure of the portfolio and they should heed signals that are related to the strategy’s …
market exposure of the portfolio and they should heed signals that are related to the strategy’s …
Capital investments and stock returns
… expenditures to project the firm’s formation year’s benchmark investment, and interpret firms
… than) zero indicates that the formation year’s capital investment is the same as (greater than, …
… than) zero indicates that the formation year’s capital investment is the same as (greater than, …
The effect of capital structure on a firm's liquidation decision
S Titman - Journal of financial economics, 1984 - Elsevier
… The liquidation policy which maximizes the firm’s value in period 0 specifies that the firm …
firm’s liquidation. Although we focus on the costs that liquidation imposes on a firm’s customers, …
firm’s liquidation. Although we focus on the costs that liquidation imposes on a firm’s customers, …
Evidence on the characteristics of cross sectional variation in stock returns
… And indeed, this pattern is strongest for the large firm ( S z = 3 ) portfolios, which is also
where we see the strongest positive relation between factor loadings and returns. This factor/…
where we see the strongest positive relation between factor loadings and returns. This factor/…
Returns to buying winners and selling losers: Implications for stock market efficiency
N Jegadeesh, S Titman - The Journal of finance, 1993 - Wiley Online Library
This paper documents that strategies which buy stocks that have performed well in the past
and sell stocks that have performed poorly in the past generate significant positive returns …
and sell stocks that have performed poorly in the past generate significant positive returns …
The determinants of capital structure choice
S Titman, R Wessels - The Journal of finance, 1988 - Wiley Online Library
… It is postulated that RD/S measures uniqueness because firms that … Hence, SE/S is expected
to be positively related to … indicators of uniqueness, RD/S and SE/S, that this attribute may …
to be positively related to … indicators of uniqueness, RD/S and SE/S, that this attribute may …
Firms' histories and their capital structures
This paper examines how cash flows, investment expenditures, and stock price histories
affect debt ratios. Consistent with earlier work, we find that these variables have a substantial …
affect debt ratios. Consistent with earlier work, we find that these variables have a substantial …
Financial distress and corporate performance
This study finds that highly leveraged firms lose substantial market share to their more
conservatively financed competitors in industry downturns. Specifically, firms in the top leverage …
conservatively financed competitors in industry downturns. Specifically, firms in the top leverage …
Profitability of momentum strategies: An evaluation of alternative explanations
N Jegadeesh, S Titman - The Journal of finance, 2001 - Wiley Online Library
… Under this interpretation, the test statistic in Jegadeesh and Titman should be viewed as
the highest order statistic across many tests rather than as a conventional test statistic from a …
the highest order statistic across many tests rather than as a conventional test statistic from a …