Graham and Harveys (2001) survey evidence and Baker, Greenwood, and Wurgler (2003) indicate that firm managers try to time debt markets based on term spreads or excess bond returns when choosing the maturity of new debt issues. Whether debt market timing increases firm value via a reduced cost...

The structure of the U.S. hog industry is changing rapidly. U.S. hog farms have become smaller in number, larger in size and more specialized. This study examines the factors that influence the hog producer's choice among business arrangements offered in the U.S. hog industry. A national survey...

Economic theory is subject to continual analysis. While theories themselves are sometimes widely accepted, nuances of theory are persistently scrutinized. Researchers have not isolated this debate from a simply theoretic standpoint. Empirical methods in microeconomics also provide a forum for...