{"id":"https://openalex.org/W2010481072","doi":"https://doi.org/10.1016/j.iref.2014.11.026","title":"Underinvestment and the design of performance-sensitive debt","display_name":"Underinvestment and the design of performance-sensitive debt","publication_year":2014,"publication_date":"2014-12-11","ids":{"openalex":"https://openalex.org/W2010481072","doi":"https://doi.org/10.1016/j.iref.2014.11.026","mag":"2010481072"},"language":"en","primary_location":{"id":"doi:10.1016/j.iref.2014.11.026","doi":"https://doi.org/10.1016/j.iref.2014.11.026","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.iref.2014.11.026","pdf_url":null,"source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102881544","display_name":"Sudipto Sarkar","orcid":"https://orcid.org/0000-0002-9974-686X","observed_orcids":["https://orcid.org/0000-0002-9974-686X"]},"institutions":[{"id":"https://openalex.org/I98251732","display_name":"McMaster University","ror":"https://ror.org/02fa3aq29","country_code":"CA","type":"education","lineage":["https://openalex.org/I98251732"]}],"countries":["CA"],"is_corresponding":true,"raw_author_name":"Sudipto Sarkar","raw_affiliation_strings":["DSB 302, McMaster University, Hamilton, ON L8S 4M4, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"DSB 302, McMaster University, Hamilton, ON L8S 4M4, Canada","institution_ids":["https://openalex.org/I98251732"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044365806","display_name":"Chuanqian Zhang","orcid":"https://orcid.org/0000-0003-0064-0078","observed_orcids":["https://orcid.org/0000-0003-0064-0078"]},"institutions":[{"id":"https://openalex.org/I98251732","display_name":"McMaster University","ror":"https://ror.org/02fa3aq29","country_code":"CA","type":"education","lineage":["https://openalex.org/I98251732"]}],"countries":["CA"],"is_corresponding":false,"raw_author_name":"Chuanqian Zhang","raw_affiliation_strings":["DSB A210, McMaster University, Hamilton, ON L8S 4M4, Canada"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"DSB A210, McMaster University, Hamilton, ON L8S 4M4, Canada","institution_ids":["https://openalex.org/I98251732"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5102881544"],"corresponding_institution_ids":["https://openalex.org/I98251732"],"apc_list":{"value":1930,"currency":"USD","value_usd":1930},"apc_paid":null,"fwci":7.0835,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.96594062,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"37","issue":null,"first_page":"240","last_page":"253"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5737000107765198,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.5737000107765198,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.4092000126838684,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.003000000026077032,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/underinvestment","display_name":"underinvestment","score":0.871999979019165},{"id":"https://openalex.org/keywords/agency-costs","display_name":"agency costs","score":0.7070000171661377},{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.7950000166893005},{"id":"https://openalex.org/keywords/investment-timing","display_name":"investment timing","score":0.5789999961853027},{"id":"https://openalex.org/keywords/optimal-leverage","display_name":"optimal leverage","score":0.6159999966621399},{"id":"https://openalex.org/keywords/risk-compensation","display_name":"risk compensation","score":0.4560000002384186},{"id":"https://openalex.org/keywords/shareholder-value","display_name":"shareholder value","score":0.734000027179718},{"id":"https://openalex.org/keywords/earnings-growth","display_name":"earnings growth","score":0.6420000195503235},{"id":"https://openalex.org/keywords/investment-costs","display_name":"investment costs","score":0.722000002861023}],"concepts":[{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7164319753646851},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6813490390777588},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5655443072319031},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5452062487602234},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.49589285254478455},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.468168705701828},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4628986418247223},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4519651532173157},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.4495953619480133},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.40117862820625305},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3743867576122284},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.3669629693031311},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.25348222255706787},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.09156769514083862},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.iref.2014.11.026","doi":"https://doi.org/10.1016/j.iref.2014.11.026","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.iref.2014.11.026","pdf_url":null,"source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics & Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:reveco:v:37:y:2015:i:c:p:240-253","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S105905601400207X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W1551134357","https://openalex.org/W1569725062","https://openalex.org/W1587350794","https://openalex.org/W1982389290","https://openalex.org/W1994199976","https://openalex.org/W1995503011","https://openalex.org/W2000578291","https://openalex.org/W2032890532","https://openalex.org/W2040924070","https://openalex.org/W2051887892","https://openalex.org/W2076299080","https://openalex.org/W2093073741","https://openalex.org/W2113098567","https://openalex.org/W2119111397","https://openalex.org/W2129793942","https://openalex.org/W2150826671","https://openalex.org/W2151127264","https://openalex.org/W2154044885","https://openalex.org/W2163657448","https://openalex.org/W2744250878","https://openalex.org/W2891651322","https://openalex.org/W3121689764","https://openalex.org/W3124039898","https://openalex.org/W3124130847","https://openalex.org/W3124421389","https://openalex.org/W3125183900","https://openalex.org/W3125249657","https://openalex.org/W3125402439","https://openalex.org/W3125657851","https://openalex.org/W4365787967"],"related_works":["https://openalex.org/W1569725062","https://openalex.org/W2584527968","https://openalex.org/W1089536476","https://openalex.org/W2043369529","https://openalex.org/W3125402439","https://openalex.org/W3142224773","https://openalex.org/W4242563048","https://openalex.org/W3213175990","https://openalex.org/W3139205066","https://openalex.org/W2163657448"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}