Liquidity Windfalls and Reallocation: Evidence from Farming and Fracking
References
- (2014) The size distribution of farms and international productivity differences. Amer. Econom. Rev. 104(6):1667–1697.Crossref, Google Scholar
- (2014) Consumption and debt response to unanticipated income shocks: Evidence from a natural experiment in Singapore. Amer. Econom. Rev. 104(12):4205–4230.Crossref, Google Scholar
- (2007) The reaction of consumer spending and debt to tax rebates—Evidence from consumer credit data. J. Political Econom. 115(6):986–1019.Crossref, Google Scholar
- (1994) Limited market participation and volatility of asset prices. Amer. Econom. Rev. 84(4):933–955.Google Scholar
- (2005) From cash-in-the-market pricing to financial fragility. J. Eur. Econom. Assoc. 3(2-3):535–546.Crossref, Google Scholar
- (2005) The effect of external finance on the equilibrium allocation of capital. J. Financial Econom. 75(1):133–164.Crossref, Google Scholar
- (2011) Forced pooling: When landowners can’t say no to drilling. Propublica (May 18), http://www.propublica.org/article/forced-pooling-when-landownerscant-say-no-to-drilling.Google Scholar
- (2018) Managing the family firm: Evidence from CEOs at work. Rev. Financial Stud. 31(5):1605–1653.Google Scholar
- (2019) The local economic and welfare consequences of hydraulic fracturing. Amer. Econom. J. Appl. Econom. 11(4):105–155.Google Scholar
- (1998) The effects of bank mergers and acquisitions on small business lending. J. Financial Econom. 50(2):187–229.Crossref, Google Scholar
- (2004) How much should we trust differences-in-differences estimates? Quart. J. Econom. 119(1):249–275.Crossref, Google Scholar
- (2007) Banking deregulation and industry structure: Evidence from the French banking reforms of 1985. J. Finance 62(2):597–628.Crossref, Google Scholar
- (1998) Fundamental q, cash flow, and investment: Evidence from farm panel data. Rev. Econom. Statist. 80(3):427–435.Crossref, Google Scholar
- (2009) Credit constraints: Their existence, determinants, and implications for US farm and nonfarm sole proprietorships. Amer. J. Agricultural Econom. 91(1):275–289.Crossref, Google Scholar
- (2011) Does access to external finance improve productivity? Evidence from a natural experiment. J. Financial Econom. 99(1):184–203.Crossref, Google Scholar
- (2013) Real assets and capital structure. J. Financial Quant. Anal. 48(5):1333–1370.Crossref, Google Scholar
- (2013) Woodford Shale: From hydrocarbon source rock to reservoir. AAPG Woodford Shale Forum (American Association of Petroleum Geologists, Tulsa, OK).Google Scholar
- (2013) Fact or artifact: The impact of measurement errors on the farm size–productivity relationship. J. Developmental Econom. 103(C):254–261.Crossref, Google Scholar
- (1999) GMM estimation with cross sectional dependence. J. Econometrics 92(1):1–45.Crossref, Google Scholar
- (2010) Spatial econometrics. Microeconometrics (Palgrave Macmillan), 303–313.Google Scholar
- (2014) Experiential and social learning in firms: The case of hydraulic fracturing in the Bakken Shale. Preprint, submitted August 17, https://dx.doi.org/10.2139/ssrn.2481321.Google Scholar
- (1998) Consistent covariance matrix estimation with spatially dependent panel data. Rev. Econom. Statist. 80(4):549–560.Crossref, Google Scholar
- (1986) An economic analysis of Oklahoma’s oil and gas forced pooling law. Natural Resources J. 26(3):469–491.Google Scholar
- (2016) Do measures of financial constraints measure financial constraints? Rev. Financial Stud. 29(2):271–308.Crossref, Google Scholar
- (1988) Financing constraints and corporate investment. Brookings Papers Econom. Act 1988(1):141–195.Crossref, Google Scholar
- (2003) Aggregated vs. disaggregated data in regression analysis: Implications for inference. Econom. Lett. 81(1):61–65.Crossref, Google Scholar
- (2019) Does local access to finance matter? Evidence from US oil and natural gas shale booms. Management Sci. 65(1):1–18.Link, Google Scholar
- (2016) Exporting liquidity: Branch banking and financial integration. J. Finance 71(3):1159–1184.Crossref, Google Scholar
- (1994) A theory of debt based on the inalienability of human capital. Quart. J. Econom. 109(4):841–879.Crossref, Google Scholar
- (1995) Debt and seniority: An analysis of the role of hard claims in constraining management. Amer. Econom. Rev. 85(3):567–585.Google Scholar
- (2008) Financing Constraints and the Family Farm: How do Families React? (Southern Agricultural Economics Association).Google Scholar
- (2012) Financing constraints and access to credit in a postcrisis environment: Evidence from new farmers in Alabama. J. Agricultural Appl. Econom. 44(04):607–621.Crossref, Google Scholar
- (1997) Financial intermediation, loanable funds, and the real sector. Quart. J. Econom. 112(3):663–691.Crossref, Google Scholar
- (2011) Inside and Outside Liquidity (MIT Press, Cambridge, MA).Crossref, Google Scholar
- (2009) Misallocation and manufacturing TFP in China and India. Quart. J. Econom. 124(4):1403–1448.Crossref, Google Scholar
- (1996) The finance-growth nexus: Evidence from bank branch deregulation. Quart. J. Econom. 111(3):639–670.Crossref, Google Scholar
- (1986) Agency cost of free cash flow, corporate finance, and takeovers. Corporate finance, and takeovers. Amer. Econom. Rev. 76(2):323–329.Google Scholar
- (2012) U.S. inches toward goal of energy independence. New York Times (March 22). https://www.nytimes.com/2012/03/23/business/energy-environment/inching-toward-energy-independence-in-america.html.Google Scholar
- (2017) Measuring skills in developing countries. Policy research working paper, World Bank Group.Google Scholar
- (1971) Conflicts that plague family businesses. Harvard Bus. Rev. 49(2):90–98.Google Scholar
- (1980) Farmer education and farm efficiency: A survey. Econom. Development Cultural Change 1(1980):37–76.Google Scholar
- (2001) The market for corporate assets: Who engages in mergers and asset sales and are there efficiency gains? J. Finance 56(6):2019–2065.Crossref, Google Scholar
- (2014) Finance and misallocation: Evidence from plant-level data. Amer. Econom. Rev. 104(2):422–458.Crossref, Google Scholar
- O’Toole CM, Carol N, Hennessy T (2014) Financing constraints and agricultural investment: Effects of the Irish financial crisis. J. Agricultural Econom. 65(1):152–176.Google Scholar
- (2000) Collateral damage: Effects of the Japanese bank crisis on real activity in the United States. Amer. Econom. Rev. 90(1):30–45.Crossref, Google Scholar
- (2018) Wholesale funding dry-ups. J. Finance 73(2):575–617.Crossref, Google Scholar
- (2014) Bank heterogeneity and capital allocation: Evidence from ‘fracking’ shocks. Preprint, submitted September 1, https://dx.doi.org/10.2139/ssrn.2362499.Google Scholar
- (2013) Misallocation and productivity. Rev. Econom. Dynamics 16(1):1–10.Crossref, Google Scholar
- (2001) Agency relationships in family firms: Theory and evidence. Organ. Sci. 12(2):99–116.Link, Google Scholar
- Shleifer A, Vishny RW (1992) Liquidation values and debt capacity: A market equilibrium approach. J. Finance 47(4):1343–1366.Google Scholar
- Shleifer A, Vishny RW (1997) The limits of arbitrage. J. Finance 52(1):35–55.Google Scholar
- (2011) Fire sales in finance and macroeconomics. J. Econom. Perspective 25(1):29–48.Crossref, Google Scholar
- (1997) Credit risk and the demand for agricultural loans. Canadian J. Agricultural Econom. 45(3):201–217.Crossref, Google Scholar
- (2012) Loan officers and relationship lending to SMEs. J. Financial Intermediary 21(1):97–122.Crossref, Google Scholar
- (2014) Shale gas drilling and farm real estate values. National Agricultural & Rural Development Policy Center. Policy Brief, 25.Google Scholar

