Details about Vojislav Maksimovic

Homepage:	http://www.rhsmith.umd.edu/faculty/vmax/
Workplace:	Finance Department, Robert H. Smith School of Business, University of Maryland, (more information at EDIRC)

Access statistics for papers by Vojislav Maksimovic.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pma549

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Jump to Journal Articles Chapters

Working Papers

2019

1. Do Public Firms Respond to Industry Opportunities More Than Private Firms? The Impact of Initial Firm Quality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
2. The Rise of Star Firms: Intangible Capital and Competition
   Policy Research Working Paper Series, The World Bank View citations (1)

2018

3. Who are America's star firms?
   Policy Research Working Paper Series, The World Bank View citations (1)

2017

4. Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
5. SME finance
   Policy Research Working Paper Series, The World Bank

2015

6. Are large firms born or made ? evidence from developing countries
   Policy Research Working Paper Series, The World Bank View citations (2)
   See also Journal Article in Small Business Economics (2021)
7. Demand Shock, Liquidity Management, and Firm Growth during the Financial Crisis
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
8. What determines entrepreneurial outcomes in emerging markets ? the role of initial conditions
   Policy Research Working Paper Series, The World Bank
   See also Journal Article in Review of Financial Studies (2017)

2014

9. Does local financial development matter for firm lifecycle in India ?
   Policy Research Working Paper Series, The World Bank View citations (7)

2013

10. Industry Shocks, Operating Risk, and Corporate Financial Policies around the World
    MPRA Paper, University Library of Munich, Germany
11. Size and age of establishments: evidence from developing countries
    Policy Research Working Paper Series, The World Bank View citations (5)

2012

12. Financing of firms in developing countries: lessons from research
    Policy Research Working Paper Series, The World Bank View citations (21)

2011

13. Do Phoenix miracles exist ? firm-level evidence from financial crises
    Policy Research Working Paper Series, The World Bank View citations (1)
14. Post-Merger Restructuring and the Boundaries of the Firm
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (72)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (7)
    See also Journal Article in Journal of Financial Economics (2011)

2010

15. Are innovating firms victims or perpetrators ? tax evasion, bribe payments, and the role of external finance in developing countries
    Policy Research Working Paper Series, The World Bank View citations (17)

2008

16. Financing patterns around the world: Are small firms different?
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (420)
    See also Journal Article in Journal of Financial Economics (2008)
17. Formal versus informal finance: evidence from China
    Policy Research Working Paper Series, The World Bank View citations (30)
    See also Journal Article in Review of Financial Studies (2010)

2007

18. Firm innovation in emerging markets: the roles of governance and finance
    Policy Research Working Paper Series, The World Bank View citations (28)

2006

19. How important are financing constraints ? The role of finance in the business environment
    Policy Research Working Paper Series, The World Bank View citations (32)
    See also Journal Article in The World Bank Economic Review (2008)
20. The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Papers, U.S. Census Bureau, Center for Economic Studies (2005) View citations (8)
21. The determinants of financing obstacles
    Other publications TiSEM, Tilburg University, School of Economics and Management View citations (375)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (15)
    See also Journal Article in Journal of International Money and Finance (2006)
22. What determines protection of property rights ? An analysis of direct and indirect effects
    Policy Research Working Paper Series, The World Bank View citations (3)
    See also Journal Article in The Journal of Financial Econometrics (2013)

2005

23. How well do institutional theories explain firms'perceptions of property rights?
    Policy Research Working Paper Series, The World Bank View citations (6)
    See also Journal Article in Review of Financial Studies (2008)

2004

24. Business Environment and the Incorporation Decision
    Policy Research Working Paper Series, The World Bank View citations (9)
    See also Journal Article in Journal of Banking & Finance (2006)

2003

25. Bank competition, financing obstacles, and access to credit
    Policy Research Working Paper Series, The World Bank View citations (26)
26. Financial and legal institutions and firm size
    Policy Research Working Paper Series, The World Bank View citations (19)

2002

27. Financial and legal constraints to firm growth - Does size matter?
    Policy Research Working Paper Series, The World Bank View citations (87)
28. Financing patterns around the world: the role of institutions
    Policy Research Working Paper Series, The World Bank View citations (17)

2001

29. Firms as financial intermediaries - evidence from trade credit data
    Policy Research Working Paper Series, The World Bank View citations (141)

2000

30. Financial structure and economic development - firm, industry, and country evidence
    Policy Research Working Paper Series, The World Bank View citations (61)
31. Funding growth in bank-based and market-based financial systems: evidence from firm level data
    Policy Research Working Paper Series, The World Bank View citations (26)
    See also Journal Article in Journal of Financial Economics (2002)

1999

32. Capital Structure in Developing Countries
    Rotman School of Management - Finance, Rotman School of Management, University of Toronto View citations (80)
    See also Journal Article in Journal of Finance (2001)
33. Do Conglomerate Firms Allocate Resources Inefficiently?
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (45)
34. The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are there Efficiency Gains?
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (60)
    See also Journal Article in Journal of Finance (2001)

1998

35. Optimal Firm Size and the Growth of Conglomerate and Single-Industry Firms
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (5)

1996

36. Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (4)
37. Financial constraints, uses of funds, and firm growth: an international comparison
    Policy Research Working Paper Series, The World Bank View citations (34)
38. Institutions, financial markets, and firms'choice of debt maturity
    Policy Research Working Paper Series, The World Bank View citations (2)

1995

39. Stock market development and firm financing choices
    Policy Research Working Paper Series, The World Bank View citations (34)

1994

40. Capital structures in developing countries: evidence from ten countries
    Policy Research Working Paper Series, The World Bank View citations (8)

1989

41. Financial Policy and a Firm's Reputation for Product Quality
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA

Journal Articles

2021

1. Are large firms born or made? Evidence from developing countries
   Small Business Economics, 2021, 57, (1), 191-219 View citations (1)
   See also Working Paper (2015)

2020

2. Competition and Operating Volatilities around the World
   Journal of Financial and Quantitative Analysis, 2020, 55, (2), 517-547 View citations (1)

2017

3. What Determines Entrepreneurial Outcomes in Emerging Markets? The Role of Initial Conditions
   Review of Financial Studies, 2017, 30, (7), 2478-2522 View citations (4)
   See also Working Paper (2015)

2015

4. Redefining Financial Constraints: A Text-Based Analysis
   Review of Financial Studies, 2015, 28, (5), 1312-1352 View citations (81)

2014

5. Bribe Payments and Innovation in Developing Countries: Are Innovating Firms Disproportionately Affected?
   Journal of Financial and Quantitative Analysis, 2014, 49, (1), 51-75 View citations (37)
6. Who creates jobs in developing countries?
   Small Business Economics, 2014, 43, (1), 75-99 View citations (83)

2013

7. Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm
   Annual Review of Financial Economics, 2013, 5, (1), 225-244 View citations (47)
8. Private and Public Merger Waves
   Journal of Finance, 2013, 68, (5), 2177-2217 View citations (70)
9. What Determines Protection of Property Rights? An Analysis of Direct and Indirect Effects
   The Journal of Financial Econometrics, 2013, 11, (4), 610-649 View citations (9)
   See also Working Paper (2006)

2011

10. Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition
    Journal of Financial and Quantitative Analysis, 2011, 46, (6), 1545-1580 View citations (165)
11. Post-merger restructuring and the boundaries of the firm
    Journal of Financial Economics, 2011, 102, (2), 317-343 View citations (73)
    See also Working Paper (2011)

2010

12. Formal versus Informal Finance: Evidence from China
    Review of Financial Studies, 2010, 23, (8), 3048-3097 View citations (261)
    See also Working Paper (2008)

2008

13. Financing patterns around the world: Are small firms different?
    Journal of Financial Economics, 2008, 89, (3), 467-487 View citations (423)
    See also Working Paper (2008)
14. How Important Are Financing Constraints? The Role of Finance in the Business Environment
    The World Bank Economic Review, 2008, 22, (3), 483-516 View citations (152)
    See also Working Paper (2006)
15. How Well Do Institutional Theories Explain Firms' Perceptions of Property Rights?
    Review of Financial Studies, 2008, 21, (4), 1833-1871 View citations (35)
    See also Working Paper (2005)
16. The Industry Life Cycle, Acquisitions and Investment: Does Firm Organization Matter?
    Journal of Finance, 2008, 63, (2), 673-708 View citations (51)

2006

17. Business environment and the incorporation decision
    Journal of Banking & Finance, 2006, 30, (11), 2967-2993 View citations (81)
    See also Working Paper (2004)
18. Structuring the Initial Offering: Who to Sell To and How to Do It
    Review of Finance, 2006, 10, (3), 353-387 View citations (6)
19. The determinants of financing obstacles
    Journal of International Money and Finance, 2006, 25, (6), 932-952 View citations (384)
    See also Working Paper (2006)
20. The influence of financial and legal institutions on firm size
    Journal of Banking & Finance, 2006, 30, (11), 2995-3015 View citations (54)

2005

21. Financial and Legal Constraints to Growth: Does Firm Size Matter?
    Journal of Finance, 2005, 60, (1), 137-177 View citations (900)

2004

22. Bank Competition and Access to Finance: International Evidence
    Journal of Money, Credit and Banking, 2004, 36, (3), 627-48 View citations (326)
    Also in Proceedings, 2004, 627-654 (2004) View citations (321)

2002

23. Funding growth in bank-based and market-based financial systems: evidence from firm-level data
    Journal of Financial Economics, 2002, 65, (3), 337-363 View citations (232)
    See also Working Paper (2000)

2001

24. Capital Structures in Developing Countries
    Journal of Finance, 2001, 56, (1), 87-130 View citations (705)
    See also Working Paper (1999)
25. Technological Innovation and Initial Public Offerings
    Review of Financial Studies, 2001, 14, (2), 459-94 View citations (90)
26. The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?
    Journal of Finance, 2001, 56, (6), 2019-2065 View citations (319)
    See also Working Paper (1999)

1999

27. Capital Structure, Information Acquisition and Investment Decisions in an Industry Framework
    Review of Finance, 1999, 2, (3), 251-271 View citations (7)
28. Institutions, financial markets, and firm debt maturity
    Journal of Financial Economics, 1999, 54, (3), 295-336 View citations (330)

1998

29. Equilibrium Dominance in Experimental Financial Markets
    Review of Financial Studies, 1998, 11, (1), 189-232 View citations (22)

1996

30. Stock Market Development and Financing Choices of Firms
    The World Bank Economic Review, 1996, 10, (2), 341-69 View citations (188)

1993

31. Issue Size Choice and "Underpricing" in Thrift Mutual-to-Stock Conversions
    Journal of Finance, 1993, 48, (5), 1659-92 View citations (20)

1991

32. Debt, Agency Costs, and Industry Equilibrium
    Journal of Finance, 1991, 46, (5), 1619-43 View citations (38)
33. Financial Policy and Reputation for Product Quality
    Review of Financial Studies, 1991, 4, (1), 175-200 View citations (166)

1990

34. Consistent Estimation of Cross-Sectional Models in Event Studies
    Review of Financial Studies, 1990, 3, (3), 343-65 View citations (66)
35. Debt and Input Misallocation
    Journal of Finance, 1990, 45, (3), 795-816 View citations (20)
36. Pooling, Separating, and Semiseparating Equilibria in Financial Markets: Some Experimental Evidence
    Review of Financial Studies, 1990, 3, (3), 315-42 View citations (28)
37. Product Market Imperfections and Loan Commitments
    Journal of Finance, 1990, 45, (5), 1641-53 View citations (37)
38. Technology, debt and the exploitation of growth options
    Journal of Banking & Finance, 1990, 14, (6), 1113-1131 View citations (5)

1988

39. Capital Structure in Repeated Oligopolies
    RAND Journal of Economics, 1988, 19, (3), 389-407 View citations (154)

Chapters

2013

1. Financing in Developing Countries
   Elsevier View citations (6)