J
Joshua R. Pierce
Researcher at University of Alabama
Publications - 26
Citations - 4822
Joshua R. Pierce is an academic researcher from University of Alabama. The author has contributed to research in topics: Investment (macroeconomics) & Capital market. The author has an hindex of 12, co-authored 24 publications receiving 3475 citations. Previous affiliations of Joshua R. Pierce include Michigan State University & University of South Carolina.
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New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index
TL;DR: In this paper, the authors collected detailed qualitative information from financial filings to categorize financial constraints for a random sample of firms from 1995 to 2004, and used ordered logit models predicting constraints as a function of different quantitative factors.
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New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index
TL;DR: In this paper, the authors collected detailed qualitative information from financial filings to categorize financial constraints for a random sample of firms from 1995 to 2004, and used this categorization to estimate ordered logit models predicting constraints as a function of different quantitative factors.
Journal ArticleDOI
Managers with and without Style: Evidence Using Exogenous Variation
TL;DR: In a large panel of Compustat firms, the authors found that firm policy changes after exogenous CEO departures do not display abnormally high levels of variability, casting doubt on the presence of idiosyncratic-style effects in policy choices.
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Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms
TL;DR: The authors found a significant positive relation between a firm's advertising spending in the United States and its contemporaneous foreign cash flow, and this relation holds even after controlling for factors that should be related to the optimal level of domestic advertising, and it is stronger for subsets of firms that are relatively more financially constrained.
Journal ArticleDOI
Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms
TL;DR: The authors found a significant positive relation between a firm's advertising spending in the United States and its contemporaneous foreign cash flow, and this relation holds even after controlling for factors that should be related to the optimal level of domestic advertising, and it is stronger for subsets of firms that are relatively more financially constrained.