메뉴 건너뛰기




Volumn 98, Issue 3-4, 1999, Pages 287-305

Capital structure and performance: Evidence from a transition economy on an aspect of corporate governance

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0033409799     PISSN: 00485829     EISSN: None     Source Type: Journal    
DOI: 10.1023/a:1018355127454     Document Type: Article
Times cited : (154)

References (47)
  • 2
    • 0043125498 scopus 로고
    • Leverage
    • J. Eatwell, M. Milgate, and P. Newman (Eds.), London: Macmillan
    • Auerbach, A.J. (1987). Leverage. In J. Eatwell, M. Milgate, and P. Newman (Eds.), The new Palgrave: A dictionary of economics. London: Macmillan.
    • (1987) The New Palgrave: A Dictionary of Economics
    • Auerbach, A.J.1
  • 4
    • 84989021279 scopus 로고
    • Corporate strategy and capital structure
    • Barton, S. and Gordon, P. (1988). Corporate strategy and capital structure. Strategic Management Journal 9: 623-632.
    • (1988) Strategic Management Journal , vol.9 , pp. 623-632
    • Barton, S.1    Gordon, P.2
  • 5
    • 84980102968 scopus 로고
    • Leverage, risk of ruin and the cost of capital
    • Baxter, N. (1967). Leverage, risk of ruin and the cost of capital. Journal of Finance 22: 395-403.
    • (1967) Journal of Finance , vol.22 , pp. 395-403
    • Baxter, N.1
  • 6
    • 0000858299 scopus 로고
    • Diversification strategy and R&D intensity in large multiproduct firms
    • Baysinger, B.D. and Hoskisson, R.E. (1989). Diversification strategy and R&D intensity in large multiproduct firms. Academy of Management Journal 32: 310-332.
    • (1989) Academy of Management Journal , vol.32 , pp. 310-332
    • Baysinger, B.D.1    Hoskisson, R.E.2
  • 7
    • 0000449520 scopus 로고
    • Modern finance theory, corporate strategy and public policy: Three conundrums
    • Bettis, R.A. (1983). Modern finance theory, corporate strategy and public policy: Three conundrums. Academy of Management Review 8: 406-415.
    • (1983) Academy of Management Review , vol.8 , pp. 406-415
    • Bettis, R.A.1
  • 8
    • 84939793498 scopus 로고
    • On the existence of an optimal capital structure
    • Bradley, M., Jarrell, G. and Kim, E.H. (1984). On the existence of an optimal capital structure. Journal of Finance 39: 857-878.
    • (1984) Journal of Finance , vol.39 , pp. 857-878
    • Bradley, M.1    Jarrell, G.2    Kim, E.H.3
  • 9
    • 0025497236 scopus 로고
    • Determinants of financial performance: A meta analysis
    • October
    • Capon, N., Farley, J. and Hoenig, S. (1990). Determinants of financial performance: A meta analysis. Management Science October. 1143-1159.
    • (1990) Management Science , pp. 1143-1159
    • Capon, N.1    Farley, J.2    Hoenig, S.3
  • 11
    • 84925903631 scopus 로고
    • Price-cost margins and market structure
    • Cowling, K. and Waterson, M. (1976). Price-cost margins and market structure. Economica 43: 267-274.
    • (1976) Economica , vol.43 , pp. 267-274
    • Cowling, K.1    Waterson, M.2
  • 12
    • 38249040596 scopus 로고
    • The influence of increased foreign competition on industrial concentration and profitability
    • De Melo, J. and Urata, S. (1986). The influence of increased foreign competition on industrial concentration and profitability. International Journal of Industrial Organization 4: 287-304.
    • (1986) International Journal of Industrial Organization , vol.4 , pp. 287-304
    • De Melo, J.1    Urata, S.2
  • 13
    • 55149089971 scopus 로고
    • Modigliani-Miller theorem
    • J. Eatwell, M. Milgate, and P. Newman (Eds.), London: Macmillan
    • Duffie, J.D. (1987). Modigliani-Miller theorem. In J. Eatwell, M. Milgate, and P. Newman (Eds.), The new Palgrave: A dictionary of economics. London: Macmillan.
    • (1987) The New Palgrave: A Dictionary of Economics
    • Duffie, J.D.1
  • 16
    • 0000085850 scopus 로고
    • Informational imperfections in the capital market and macro-economic fluctuations
    • Greenwald, B., Stiglitz, J.E. and Weiss, A. (1984). Informational imperfections in the capital market and macro-economic fluctuations. American Economic Review 74: 194-199.
    • (1984) American Economic Review , vol.74 , pp. 194-199
    • Greenwald, B.1    Stiglitz, J.E.2    Weiss, A.3
  • 17
    • 84936194550 scopus 로고
    • The costs and benefits of ownership: A theory of vertical and lateral integration
    • Grossman, S. and Hart, O. (1986). The costs and benefits of ownership: A theory of vertical and lateral integration. Journal of Political Economy 94: 691-719.
    • (1986) Journal of Political Economy , vol.94 , pp. 691-719
    • Grossman, S.1    Hart, O.2
  • 21
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance and takeovers
    • Jensen, M.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
  • 22
    • 0003191078 scopus 로고
    • Eclipse of the pubic corporation
    • Jensen, M.C. (1989). Eclipse of the pubic corporation. Harvard Business Review 67: 61-74.
    • (1989) Harvard Business Review , vol.67 , pp. 61-74
    • Jensen, M.C.1
  • 23
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and capital structure
    • Jensen, M.C. and Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and capital structure. Journal of Financial Economics 3: 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 24
    • 0000140435 scopus 로고
    • Informational asymmetries, financial structure, and financial intermediation
    • Leland, H.E. and Pyle, D.H. (1977). Informational asymmetries, financial structure, and financial intermediation. Journal of Finance 32: 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.E.1    Pyle, D.H.2
  • 25
    • 0042624635 scopus 로고    scopus 로고
    • Assessing comparative efficiency of the state-owned, mixed and private sectors in India
    • Forthcoming
    • Majumdar, S.K. (1996a). Assessing comparative efficiency of the state-owned, mixed and private sectors in India. Public Choice. Forthcoming.
    • (1996) Public Choice
    • Majumdar, S.K.1
  • 26
    • 0042624634 scopus 로고    scopus 로고
    • Slack in the state-owned enterprise: An evaluation of the impact of soft-budget constraints
    • Forthcoming
    • Majumdar, S.K. (1996b). Slack in the state-owned enterprise: An evaluation of the impact of soft-budget constraints. International Journal of Industrial Organization. Forthcoming.
    • (1996) International Journal of Industrial Organization
    • Majumdar, S.K.1
  • 27
    • 0009006249 scopus 로고    scopus 로고
    • The impact of changing stock ownership patterns in the United States: Theoretical implications and some evidence
    • Forthcoming
    • Majundar, S.K. and Nagarajan, A. (1996). The impact of changing stock ownership patterns in the United States: Theoretical implications and some evidence. Revue D'Economie Industrielle. Forthcoming.
    • (1996) Revue d'Economie Industrielle
    • Majundar, S.K.1    Nagarajan, A.2
  • 31
    • 84944072660 scopus 로고
    • Debt and taxes
    • Miller, M.H. (1977). Debt and taxes. Journal of Finance 32: 261-275.
    • (1977) Journal of Finance , vol.32 , pp. 261-275
    • Miller, M.H.1
  • 32
    • 0344150008 scopus 로고
    • Financial sector reform in India: Hesitant pursuit of an incomplete agenda
    • R. Cassen and V. Joshi (Eds.), New Delhi: Oxford University Press
    • Mistry, P. (1995). Financial sector reform in India: Hesitant pursuit of an incomplete agenda. In R. Cassen and V. Joshi (Eds.), India: The future of economic reform. New Delhi: Oxford University Press.
    • (1995) India: The Future of Economic Reform
    • Mistry, P.1
  • 33
    • 38249016997 scopus 로고
    • Commands and controls: Planning for Indian industrial development, 1951-1990
    • Mohan, R. and Aggarwal, V. (1990). Commands and controls: Planning for Indian industrial development, 1951-1990. Journal of Comparative Economics. 14: 681-712.
    • (1990) Journal of Comparative Economics , vol.14 , pp. 681-712
    • Mohan, R.1    Aggarwal, V.2
  • 34
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance, and the theory of investment
    • Modigliani, F. and Miller, M.H. (1958). The cost of capital, corporation finance, and the theory of investment. American Economic Review 48: 261-297.
    • (1958) American Economic Review , vol.48 , pp. 261-297
    • Modigliani, F.1    Miller, M.H.2
  • 35
    • 0000687546 scopus 로고
    • Taxes and the cost of capital: A correction
    • Modigliani, F. and Miller, M.H. (1963). Taxes and the cost of capital: A correction. American Economic Review. 53: 433-443.
    • (1963) American Economic Review , vol.53 , pp. 433-443
    • Modigliani, F.1    Miller, M.H.2
  • 36
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information that investors do not have
    • Myers, S. and Majluf, N. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics 13: 187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.1    Majluf, N.2
  • 39
    • 0017470663 scopus 로고
    • The determination of financial structure: The incentive signalling approach
    • Ross, S.A. (1977). The determination of financial structure: The incentive signalling approach. Bell Journal of Economics 8: 23-40.
    • (1977) Bell Journal of Economics , vol.8 , pp. 23-40
    • Ross, S.A.1
  • 40
    • 0000607318 scopus 로고
    • Comment on the Modigliani-Miller propositions
    • Ross, S.A. (1988). Comment on the Modigliani-Miller propositions. Journal of Economic Perspectives 2: 127-133.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 127-133
    • Ross, S.A.1
  • 41
    • 0039241051 scopus 로고
    • On the core concepts of industrial organization
    • W.G. Shepherd and H.W. De Jong (Eds.), Dordrecht: Martinus Nijhoff Publishers
    • Shepherd, W.G. (1986). On the core concepts of industrial organization. In W.G. Shepherd and H.W. De Jong (Eds.), Mainstreams in industrial organization. Dordrecht: Martinus Nijhoff Publishers.
    • (1986) Mainstreams in Industrial Organization
    • Shepherd, W.G.1
  • 42
    • 84977346105 scopus 로고
    • Bankruptcy, secured debt, and optimal capital structure: Comment
    • Smith, C.L. and Warner, J.B. (1979). Bankruptcy, secured debt, and optimal capital structure: Comment. Journal of Financial Economics 34: 247-251.
    • (1979) Journal of Financial Economics , vol.34 , pp. 247-251
    • Smith, C.L.1    Warner, J.B.2
  • 44
    • 0001915770 scopus 로고
    • Social structure and organizations
    • J.G. March (Ed.), Chicago: Rand McNally
    • Stinchcombe, A.L. (1965). Social structure and organizations. In J.G. March (Ed.), Handbook of organizations. Chicago: Rand McNally.
    • (1965) Handbook of Organizations
    • Stinchcombe, A.L.1
  • 45
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman, S. and Wessels, R. (1988). The determinants of capital structure choice. Journal of Finance 43: 1-19.
    • (1988) Journal of Finance , vol.43 , pp. 1-19
    • Titman, S.1    Wessels, R.2
  • 46
    • 0001534346 scopus 로고
    • Hierarchical control and optimum firm size
    • Williamson, O.E. (1967). Hierarchical control and optimum firm size. Journal of Political Economy 75: 123-138.
    • (1967) Journal of Political Economy , vol.75 , pp. 123-138
    • Williamson, O.E.1
  • 47
    • 84977702527 scopus 로고
    • Corporate finance and corporate governance
    • Williamson, O.E. (1988). Corporate finance and corporate governance. Journal of Finance 53: 567-591.
    • (1988) Journal of Finance , vol.53 , pp. 567-591
    • Williamson, O.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.