메뉴 건너뛰기




Volumn 40, Issue 2, 1999, Pages 269-291

The impact of financial restructuring and changes in corporate control on investment and employment in the U.S. Petroleum industry

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0033241118     PISSN: 00380253     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1533-8525.1999.tb00548.x     Document Type: Article
Times cited : (5)

References (62)
  • 1
    • 0003562960 scopus 로고
    • Baltimore, MD: The Johns Hopkins University Press
    • Adelman, Murray A. 1972. The World Petroleum Market. Baltimore, MD: The Johns Hopkins University Press.
    • (1972) The World Petroleum Market
    • Adelman, M.A.1
  • 5
    • 0004023459 scopus 로고
    • New York: Holt, Rinehart, and Winston
    • Boesky, Ivan. 1985. Merger Mania. New York: Holt, Rinehart, and Winston.
    • (1985) Merger Mania
    • Boesky, I.1
  • 6
    • 34848863050 scopus 로고
    • Property rights and the organization of economic activity by the state
    • Campbell, John L., and Leon Lindberg. 1990. "Property Rights and the Organization of Economic Activity by the State. American Sociological Review 55:634-647.
    • (1990) American Sociological Review , vol.55 , pp. 634-647
    • Campbell, J.L.1    Lindberg, L.2
  • 7
    • 0001347674 scopus 로고
    • Business fixed investment spending: Modeling strategies, empirical results, and policy implications
    • Chirinko, Robert S. 1993. "Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications." Journal of Economic Literature 31:1875-1911.
    • (1993) Journal of Economic Literature , vol.31 , pp. 1875-1911
    • Chirinko, R.S.1
  • 8
    • 0002313086 scopus 로고
    • The mathematical study of change
    • edited by Hubert M. Blalock Jr. and Ann B. Blalock. New York: McGraw-Hill
    • Coleman, James S. 1968. "The Mathematical Study of Change." Pp. 428-478 in Methodology in Social Research, edited by Hubert M. Blalock Jr. and Ann B. Blalock. New York: McGraw-Hill.
    • (1968) Methodology in Social Research , pp. 428-478
    • Coleman, J.S.1
  • 9
    • 84904915848 scopus 로고
    • Organization theory and the market for corporate control: A dynamic analysis of the characteristics of large takeover targets, 1980-1990
    • Davis, Gerald F., and Suzanne K. Stout. 1992. "Organization Theory and the Market for Corporate Control: A Dynamic Analysis of the Characteristics of Large Takeover Targets, 1980-1990." Administrative Science Quarterly 37:605-633.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 605-633
    • Davis, G.F.1    Stout, S.K.2
  • 10
    • 0031426486 scopus 로고    scopus 로고
    • Corporate elite networks and governance changes in the 1980s
    • Davis, Gerald F., and Henrich R. Greve. 1997. "Corporate Elite Networks and Governance Changes in the 1980s." American Journal of Sociology 103:1-37.
    • (1997) American Journal of Sociology , vol.103 , pp. 1-37
    • Davis, G.F.1    Greve, H.R.2
  • 11
    • 84894285121 scopus 로고
    • A social movement perspective on corporate control
    • Davis, Gerald F., and Tracy A. Thompson. 1994. "A Social Movement Perspective on Corporate Control." Administrative Science Quarterly 39:141-173.
    • (1994) Administrative Science Quarterly , vol.39 , pp. 141-173
    • Davis, G.F.1    Thompson, T.A.2
  • 13
    • 0000806744 scopus 로고
    • Agency problems and the theory of the firm
    • Fama, Eugene F. 1980. "Agency Problems and the Theory of the Firm." Journal of Political Economy 88:288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.F.1
  • 14
    • 84936628618 scopus 로고
    • The intraorganizational power struggle: The rise of finance personnel to top leadership in large corporations, 1919-79
    • Fligstein, Neil. 1987. "The Intraorganizational Power Struggle: The Rise of Finance Personnel to Top Leadership in Large Corporations, 1919-79." American Sociological Review 52:44-58.
    • (1987) American Sociological Review , vol.52 , pp. 44-58
    • Fligstein, N.1
  • 16
    • 84936823820 scopus 로고
    • Bank control, owner control, or organizational dynamics: Who controls the large modern corporation?
    • Fligstein, Neil, and Peter Brantley. 1992. "Bank Control, Owner Control, or Organizational Dynamics: Who Controls the Large Modern Corporation?" American Journal of Sociology 98:280-307.
    • (1992) American Journal of Sociology , vol.98 , pp. 280-307
    • Fligstein, N.1    Brantley, P.2
  • 17
    • 0000071990 scopus 로고
    • Financial reorganization of American corporations in the 1980s
    • edited by William J. Wilson. Newbury Park, CA: Sage
    • Fligstein, Neil, and Linda Markowitz. 1992. "Financial Reorganization of American Corporations in the 1980s." In Sociology and the Public Agenda, edited by William J. Wilson. Newbury Park, CA: Sage.
    • (1992) Sociology and the Public Agenda
    • Fligstein, N.1    Markowitz, L.2
  • 20
    • 0008991450 scopus 로고    scopus 로고
    • Albany: State University of New York Press
    • Gramling, Robert. 1996. Oil On the Edge. Albany: State University of New York Press.
    • (1996) Oil on the Edge
    • Gramling, R.1
  • 21
    • 0029477493 scopus 로고
    • The political economy of business failures across the American states, 1970-85
    • Grant, Don S. 1995. "The Political Economy of Business Failures Across the American States, 1970-85." American Sociological Review 60:851-873.
    • (1995) American Sociological Review , vol.60 , pp. 851-873
    • Grant, D.S.1
  • 24
    • 0001996711 scopus 로고
    • Between a rock and a hard place: Organizational change and performance under conditions of fundamental environmental transformation
    • Haveman, Heather A. 1992. "Between a Rock and a Hard Place: Organizational Change and Performance under Conditions of Fundamental Environmental Transformation." Administrative Science Quarterly 37:48-75.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 48-75
    • Haveman, H.A.1
  • 27
    • 84989023359 scopus 로고
    • Corporate restructuring and strategic change: The effect on strategy and R&D intensity
    • Hoskisson, Robert E., and R. A. Johnson. 1992. Corporate Restructuring and Strategic Change: The Effect on Strategy and R&D Intensity. Strategic Management Journal 13:625-634.
    • (1992) Strategic Management Journal , vol.13 , pp. 625-634
    • Hoskisson, R.E.1    Johnson, R.A.2
  • 28
    • 21844505035 scopus 로고
    • Corporate divestiture intensity in restructuring firms: Effects of governance, strategy, and performance
    • Hoskisson, Robert E., R. A. Johnson, and D. D. Moesel. 1994. "Corporate Divestiture Intensity in Restructuring Firms: Effects of Governance, Strategy, and Performance." Academy of Management Journal 37:1207-1251.
    • (1994) Academy of Management Journal , vol.37 , pp. 1207-1251
    • Hoskisson, R.E.1    Johnson, R.A.2    Moesel, D.D.3
  • 29
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance, and takeovers
    • Jensen, Michael C. 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers." American Economic Review 76:323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 30
    • 0003191078 scopus 로고
    • Eclipse of the public corporation
    • -. 1989a. "Eclipse of the Public Corporation." Harvard Business Review 89 (5):61-75.
    • (1989) Harvard Business Review , vol.89 , Issue.5 , pp. 61-75
  • 32
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • -. 1993. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems." Journal of Finance 48:831-880.
    • (1993) Journal of Finance , vol.48 , pp. 831-880
  • 33
    • 44649197264 scopus 로고
    • Theory of the firm: Management behavior, agency costs, and ownership structure
    • Jensen, Michael C., and William H. Meckling. 1976. "Theory of the Firm: Management Behavior, Agency Costs, and Ownership Structure." Journal of Financial Economics 3:305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 34
    • 0008992882 scopus 로고
    • Royalty trusts, master partnerships, and other organizational means
    • edited by Joel M. Stern, G. B. Stewart, III, and D. H. Chew. Cambridge, MA: Ballinger
    • Kensinger, John W., and J. D. Martin. 1989. "Royalty Trusts, Master Partnerships, and Other Organizational Means." Pp. 105-118 in Corporate Restructuring and Executive Compensation, edited by Joel M. Stern, G. B. Stewart, III, and D. H. Chew. Cambridge, MA: Ballinger.
    • (1989) Corporate Restructuring and Executive Compensation , pp. 105-118
    • Kensinger, J.W.1    Martin, J.D.2
  • 35
    • 0009027424 scopus 로고
    • Can Derr Turn Chevron around?
    • Mack, Toni. 1989. "Can Derr Turn Chevron Around?" Forbes 144, 12:49-56.
    • (1989) Forbes , vol.144 , Issue.12 , pp. 49-56
    • Mack, T.1
  • 36
    • 0009027425 scopus 로고
    • A new iron man recasts USX
    • Miles, Gregory L. 1989. "A New Iron Man Recasts USX." Business Week 3128:37.
    • (1989) Business Week , vol.3128 , pp. 37
    • Miles, G.L.1
  • 40
    • 84974065134 scopus 로고
    • Managing an oligopoly of would-be sovereigns: The dynamics of joint control and self-control in the international oil industry, past, present, and future
    • Moran, T. H. 1987. "Managing an Oligopoly of Would-be Sovereigns: The Dynamics of Joint Control and Self-Control in the International Oil Industry, Past, Present, and Future." International Organizations 41:575-608.
    • (1987) International Organizations , vol.41 , pp. 575-608
    • Moran, T.H.1
  • 41
    • 0019181522 scopus 로고
    • The flemish movement in Belgium after World War II: A dynamic analysis
    • Nielsen, Francois. 1980. "The Flemish Movement in Belgium after World War II: A Dynamic Analysis." American Sociological Review 45:76-94.
    • (1980) American Sociological Review , vol.45 , pp. 76-94
    • Nielsen, F.1
  • 42
    • 84989040094 scopus 로고
    • The limits of growth of the multidivisional firm: A case study of the U.S. Oil industry from 1930-90
    • Ollinger, Michael. 1994. "The Limits of Growth of the Multidivisional Firm: A Case Study of the U.S. Oil Industry from 1930-90." Strategic Management Journal 15:503-520.
    • (1994) Strategic Management Journal , vol.15 , pp. 503-520
    • Ollinger, M.1
  • 43
    • 0000281418 scopus 로고
    • Irreversibility, uncertainty, and investment
    • Pindyck, Robert S. 1991. "Irreversibility, Uncertainty, and Investment." Journal of Economic Literature 29:1110-1148.
    • (1991) Journal of Economic Literature , vol.29 , pp. 1110-1148
    • Pindyck, R.S.1
  • 47
    • 85033963508 scopus 로고
    • New York: Standard and Poor's
    • Standard and Poor's. 1980-1990. Security Owner's Stock Guide. New York: Standard and Poor's.
    • (1980) Security Owner's Stock Guide
  • 48
    • 85033943131 scopus 로고
    • New York: Standard and Poor's
    • Standard and Poor's. 1995. Compustat. New York: Standard and Poor's.
    • (1995) Compustat
  • 51
    • 0009076079 scopus 로고
    • Washington, DC: GPO
    • U.S. Department of Commerce. 1990. "Report to the President." Washington, DC: GPO.
    • (1990) Report to the President
  • 52
    • 0008990519 scopus 로고
    • New Orleans, LA: MMS
    • U.S. Department of Interior, Minerals Management Service. 1979-1990. OCS Statistical Summary. New Orleans, LA: MMS.
    • (1979) OCS Statistical Summary
  • 53
    • 0008986171 scopus 로고
    • Business and politics in the United States and the United Kingdom
    • edited by Sharon Zukin and Paul DiMaggio. New York: Cambridge University Press
    • Useem, Michael. 1990. "Business and Politics in the United States and the United Kingdom." Pp. 263-292 in Structures of Capital, edited by Sharon Zukin and Paul DiMaggio. New York: Cambridge University Press.
    • (1990) Structures of Capital , pp. 263-292
    • Useem, M.1
  • 54
    • 0004194355 scopus 로고
    • Cambridge, MA: Harvard University Press
    • -. 1993. Executive Defense. Cambridge, MA: Harvard University Press.
    • (1993) Executive Defense
  • 55
    • 0004270166 scopus 로고    scopus 로고
    • New York: Basic Books
    • -. 1996. Investor Capitalism. New York: Basic Books.
    • (1996) Investor Capitalism
  • 56
    • 0008991452 scopus 로고
    • The restructuring of the oil industry
    • Van Lear, William. 1989. "The Restructuring of the Oil Industry." Journal of Economic Issues 23:141-154.
    • (1989) Journal of Economic Issues , vol.23 , pp. 141-154
    • Van Lear, W.1
  • 57
    • 0001988361 scopus 로고
    • Takeovers and corporate restructuring
    • Weston, J.F., and K.S. Chung. 1990. "Takeovers and Corporate Restructuring." Business Economics 25:6-11.
    • (1990) Business Economics , vol.25 , pp. 6-11
    • Weston, J.F.1    Chung, K.S.2
  • 58
    • 0040532960 scopus 로고
    • Wilmette, IL: MacMillan
    • Who's Who In America. 1979-1990. Wilmette, IL: MacMillan.
    • (1979) Who's Who in America
  • 59
    • 0003996617 scopus 로고
    • New York: Simon and Schuster
    • Yergin, Daniel. 1990. The Prize. New York: Simon and Schuster.
    • (1990) The Prize
    • Yergin, D.1
  • 61
    • 0001167640 scopus 로고    scopus 로고
    • The transformation from multidivisional form to corporate groups of subsidiaries in the 1980s: Capital crisis theory
    • Zey, Mary, and Brande Camp. 1996. "The Transformation from Multidivisional Form to Corporate Groups of Subsidiaries in the 1980s: Capital Crisis Theory." The Sociological Quarterly 37:327-351.
    • (1996) The Sociological Quarterly , vol.37 , pp. 327-351
    • Zey, M.1    Camp, B.2
  • 62
    • 0033241119 scopus 로고    scopus 로고
    • Corporate tax laws, corporate restructuring, and change in corporate form from the multidivisional to the multiubsidiary form, 1981-1995
    • Zey, Mary, and Tami Swenson. 1999. "Corporate Tax Laws, Corporate Restructuring, and Change in Corporate Form from The Multidivisional to the Multiubsidiary Form, 1981-1995." The Sociological Quarterly 40:241-267.
    • (1999) The Sociological Quarterly , vol.40 , pp. 241-267
    • Zey, M.1    Swenson, T.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.