Publication Information

{'id': 'https://openalex.org/W3125666930', 'doi': 'https://doi.org/10.2139/ssrn.1563465', 'title': 'A Critique of Recent Quantitative and Deep-Structure Modeling in Capital Structure Research and Beyond', 'display_name': 'A Critique of Recent Quantitative and Deep-Structure Modeling in Capital Structure Research and Beyond', 'publication_year': 2011, 'publication_date': '2011-01-01', 'ids': {'openalex': 'https://openalex.org/W3125666930', 'doi': 'https://doi.org/10.2139/ssrn.1563465', 'mag': '3125666930'}, 'language': 'en', 'primary_location': {'is_oa': False, 'landing_page_url': 'https://doi.org/10.2139/ssrn.1563465', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}, 'type': 'article', 'type_crossref': 'journal-article', 'indexed_in': ['crossref'], 'open_access': {'is_oa': False, 'oa_status': 'closed', 'oa_url': None, 'any_repository_has_fulltext': False}, 'authorships': [{'author_position': 'first', 'author': {'id': 'https://openalex.org/A5071794699', 'display_name': 'Ivo Welch', 'orcid': 'https://orcid.org/0000-0002-4347-7250'}, 'institutions': [{'id': 'https://openalex.org/I1321305853', 'display_name': 'National Bureau of Economic Research', 'ror': 'https://ror.org/04grmx538', 'country_code': 'US', 'type': 'nonprofit', 'lineage': ['https://openalex.org/I1321305853']}, {'id': 'https://openalex.org/I161318765', 'display_name': 'University of California, Los Angeles', 'ror': 'https://ror.org/046rm7j60', 'country_code': 'US', 'type': 'education', 'lineage': ['https://openalex.org/I161318765']}], 'countries': ['US'], 'is_corresponding': True, 'raw_author_name': 'Ivo Welch', 'raw_affiliation_strings': ['National Bureau of Economic Research (NBER)', 'University of California, Los Angeles (UCLA)'], 'affiliations': [{'raw_affiliation_string': 'National Bureau of Economic Research (NBER)', 'institution_ids': ['https://openalex.org/I1321305853']}, {'raw_affiliation_string': 'University of California, Los Angeles (UCLA)', 'institution_ids': ['https://openalex.org/I161318765']}]}], 'institution_assertions': [], 'countries_distinct_count': 1, 'institutions_distinct_count': 2, 'corresponding_author_ids': ['https://openalex.org/A5071794699'], 'corresponding_institution_ids': ['https://openalex.org/I1321305853', 'https://openalex.org/I161318765'], 'apc_list': None, 'apc_paid': None, 'fwci': 5.808, 'has_fulltext': True, 'fulltext_origin': 'ngrams', 'cited_by_count': 17, 'citation_normalized_percentile': {'value': 0.91408, 'is_in_top_1_percent': False, 'is_in_top_10_percent': True}, 'cited_by_percentile_year': {'min': 88, 'max': 89}, 'biblio': {'volume': None, 'issue': None, 'first_page': None, 'last_page': None}, 'is_retracted': False, 'is_paratext': False, 'primary_topic': {'id': 'https://openalex.org/T10019', 'display_name': 'Corporate Finance and Governance', 'score': 0.9985, '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': 0.9985, '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/T12675', 'display_name': 'Financial Reporting and Valuation Research', 'score': 0.994, 'subfield': {'id': 'https://openalex.org/subfields/1408', 'display_name': 'Strategy and Management'}, '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/T11496', 'display_name': 'Credit Risk and Financial Regulations', 'score': 0.9905, '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': [], 'concepts': [{'id': 'https://openalex.org/C149933338', 'wikidata': 'https://www.wikidata.org/wiki/Q950816', 'display_name': 'Capital structure', 'level': 3, 'score': 0.5355283}, {'id': 'https://openalex.org/C17744445', 'wikidata': 'https://www.wikidata.org/wiki/Q36442', 'display_name': 'Political science', 'level': 0, 'score': 0.40737852}, {'id': 'https://openalex.org/C118084267', 'wikidata': 'https://www.wikidata.org/wiki/Q26110', 'display_name': 'Positive economics', 'level': 1, 'score': 0.32182127}, {'id': 'https://openalex.org/C162324750', 'wikidata': 'https://www.wikidata.org/wiki/Q8134', 'display_name': 'Economics', 'level': 0, 'score': 0.31109998}, {'id': 'https://openalex.org/C139719470', 'wikidata': 'https://www.wikidata.org/wiki/Q39680', 'display_name': 'Macroeconomics', 'level': 1, 'score': 0.13805556}, {'id': 'https://openalex.org/C120527767', 'wikidata': 'https://www.wikidata.org/wiki/Q3196867', 'display_name': 'Debt', 'level': 2, 'score': 0.0}], 'mesh': [], 'locations_count': 1, 'locations': [{'is_oa': False, 'landing_page_url': 'https://doi.org/10.2139/ssrn.1563465', 'pdf_url': None, 'source': {'id': 'https://openalex.org/S4210172589', 'display_name': 'SSRN Electronic Journal', 'issn_l': '1556-5068', 'issn': ['1556-5068'], 'is_oa': False, 'is_in_doaj': False, 'is_core': False, 'host_organization': 'https://openalex.org/I1318003438', 'host_organization_name': 'RELX Group (Netherlands)', 'host_organization_lineage': ['https://openalex.org/I1318003438'], 'host_organization_lineage_names': ['RELX Group (Netherlands)'], 'type': 'repository'}, 'license': None, 'license_id': None, 'version': None, 'is_accepted': False, 'is_published': False}], 'best_oa_location': None, 'sustainable_development_goals': [], 'grants': [], 'datasets': [], 'versions': [], 'referenced_works_count': 48, 'referenced_works': ['https://openalex.org/W1588142672', 'https://openalex.org/W1614578056', 'https://openalex.org/W1677595927', 'https://openalex.org/W1964624058', 'https://openalex.org/W1990734868', 'https://openalex.org/W2025655973', 'https://openalex.org/W2031610817', 'https://openalex.org/W2037841399', 'https://openalex.org/W2056674732', 'https://openalex.org/W2060396581', 'https://openalex.org/W2068518527', 'https://openalex.org/W2070720254', 'https://openalex.org/W2080448382', 'https://openalex.org/W2101093637', 'https://openalex.org/W2104723218', 'https://openalex.org/W2110787586', 'https://openalex.org/W2115846503', 'https://openalex.org/W2117627310', 'https://openalex.org/W2124597406', 'https://openalex.org/W2126424896', 'https://openalex.org/W2146278264', 'https://openalex.org/W2154044885', 'https://openalex.org/W2160936140', 'https://openalex.org/W2570834760', 'https://openalex.org/W2739916346', 'https://openalex.org/W2740766300', 'https://openalex.org/W3121148014', 'https://openalex.org/W3121938770', 'https://openalex.org/W3122420571', 'https://openalex.org/W3122951791', 'https://openalex.org/W3123014546', 'https://openalex.org/W3123142049', 'https://openalex.org/W3123293195', 'https://openalex.org/W3123502919', 'https://openalex.org/W3123590601', 'https://openalex.org/W3124114405', 'https://openalex.org/W3124450204', 'https://openalex.org/W3124818779', 'https://openalex.org/W3124986478', 'https://openalex.org/W3125087107', 'https://openalex.org/W3125090379', 'https://openalex.org/W3125160976', 'https://openalex.org/W3125829376', 'https://openalex.org/W3125853721', 'https://openalex.org/W3126081465', 'https://openalex.org/W3148904300', 'https://openalex.org/W4241415723', 'https://openalex.org/W4361851987'], 'related_works': ['https://openalex.org/W41783694', 'https://openalex.org/W3180219154', 'https://openalex.org/W3156205900', 'https://openalex.org/W3124505714', 'https://openalex.org/W2748952813', 'https://openalex.org/W2732657494', 'https://openalex.org/W2567050189', 'https://openalex.org/W2276257388', 'https://openalex.org/W2222710731', 'https://openalex.org/W2176524296'], 'abstract_inverted_index': {'My': [0, 122], 'paper': [1, 91, 123], 'highlights': [2], 'shortcomings': [3], 'of': [4, 106, 119, 130], 'recent': [5], 'quantitative': [6], 'and': [7, 38, 69, 132, 135], 'deep-structure': [8], 'models': [9, 15, 74], 'in': [10, 86, 127], 'corporate': [11], 'finance:': [12], '(1)': [13], 'These': [14], 'have': [16, 51, 59, 75], 'omitted': [17], 'too': [18, 45], 'many': [19, 62], 'plausible': [20], 'forces': [21, 49], 'not': [22], 'based': [23, 27], 'on': [24, 28, 108], 'evidence,': [25], 'but': [26], "authors'": [29], 'priors.': [30], '(2)': [31], 'The': [32, 56, 73, 95, 112], 'link': [33], 'between': [34], 'their': [35, 39, 53], 'unobserved': [36], 'structures': [37], 'reduced-form': [40], 'empirical': [41, 103], 'evidence': [42], 'has': [43], 'been': [44, 77], 'weak.': [46], '(Even': [47], 'orthogonal': [48], 'could': [50], 'affected': [52], 'inference.)': [54], '(3)': [55], 'existing': [57], 'tests': [58, 118], 'largely': [60], 'ignored': [61], 'important': [63], 'econometric': [64], 'issues,': [65], 'such': [66, 83], 'as': [67, 84], 'selection': [68], 'survivorship': [70], 'biases.': [71], '(4)': [72], 'never': [76], 'held': [78], 'to': [79, 98, 115], 'reasonable': [80], 'test': [81], 'standards,': [82], 'performance': [85], 'quasi-experimental': [87, 117], 'settings.': [88], 'Constructively,': [89], 'my': [90], 'offers': [92], 'two': [93], 'suggestions:': [94], 'first': [96], 'is': [97, 114], 'search': [99], 'for': [100], 'more': [101], 'direct': [102], 'proxies': [104], 'instead': [105], 'relying': [107], '"assumed"': [109], 'first-order': [110], 'conditions.': [111], 'second': [113], 'design': [116], 'structural': [120], 'models.': [121], 'illustrates': [124], 'these': [125], 'points': [126], 'the': [128], 'context': [129], 'Hennessy': [131], 'Whited': [133], '(2005)': [134], 'Strebulaev': [136], '(2007).': [137]}, 'cited_by_api_url': 'https://api.openalex.org/works?filter=cites:W3125666930', 'counts_by_year': [{'year': 2022, 'cited_by_count': 1}, {'year': 2019, 'cited_by_count': 1}, {'year': 2016, 'cited_by_count': 3}, {'year': 2015, 'cited_by_count': 1}, {'year': 2014, 'cited_by_count': 4}, {'year': 2013, 'cited_by_count': 2}, {'year': 2012, 'cited_by_count': 2}], 'updated_date': '2025-01-05T14:31:15.622511', 'created_date': '2021-02-01'}