• Asset life, leverage, and debt maturity matching 

      Geelen, Thomas; Hajda, Jakub; Morellec, Erwan; Winegar, Adam Walter (Peer reviewed; Journal article, 2024)
      Capital ages and must eventually be replaced. We propose a theory of financing in which firms borrow to finance investment and deleverage as capital ages to have enough financial slack to finance replacement investments. ...
    • Nonpecuniary Benefits: Evidence from the Location of Private Company Sales 

      Jansen, Mark; Winegar, Adam Walter (Peer reviewed; Journal article, 2024)
      This paper investigates whether acquisition prices reflect a specific set of nonpecuniary benefits preferred by entrepreneurs: the quality of life (QOL) associated with the business location. Using data on private firm ...