NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Mystery of Zero-Leverage Firms

Ilya A. Strebulaev, Baozhong Yang

NBER Working Paper No. 17946
Issued in March 2012

---- Acknowledgements -----

We are grateful to John Graham and Harley R. (Chip) Ryan for providing us with data. We would like to thank Vikas Agarwal, Kenneth Ahern, Mark Chen, Martijn Cremers, Darrell Duffie, John Graham, Lubomir Litov, Jayant Kale, Omesh Kini, Ulrike Malmendier, Erwan Morellec, Francisco Pérez-González, Michael Roberts, Chip Ryan, Toni Whited, Jeff Zwiebel, and participants of Western Finance Association 2006 meeting in Keystone, and Baruch College, Stanford GSB FRILLS and PhD seminars for thoughtful comments, and Paul G. Ellis for editorial advice. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

return to bibliography page

 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us