메뉴 건너뛰기




Volumn 44, Issue 1, 2001, Pages 55-69

Agency costs, asset specificity, and the capital structure of the firm

Author keywords

Capital structure; Financing policy; G32

Indexed keywords


EID: 0042367332     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-2681(00)00151-7     Document Type: Article
Times cited : (31)

References (30)
  • 1
    • 0042871724 scopus 로고
    • The firm's optimal debt-equity combination and the cost of capital
    • Baumol W., Malkiel B. The firm's optimal debt-equity combination and the cost of capital. Quarterly Journal of Economics. 91:1967;547-578.
    • (1967) Quarterly Journal of Economics , vol.91 , pp. 547-578
    • Baumol, W.1    Malkiel, B.2
  • 2
    • 0000030063 scopus 로고
    • Corporate finance and the legacy of Miller and Modigliani
    • Bhattacharya S. Corporate finance and the legacy of Miller and Modigliani. Journal of Economic Perspectives. 2:1988;135-147.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 135-147
    • Bhattacharya, S.1
  • 3
    • 0000488169 scopus 로고
    • Oligopoly and financial structure: The limited liability effect
    • Brander J., Lewis T. Oligopoly and financial structure: the limited liability effect. American Economic Review. 76:1986;956-970.
    • (1986) American Economic Review , vol.76 , pp. 956-970
    • Brander, J.1    Lewis, T.2
  • 4
    • 0345459119 scopus 로고
    • The efficiency of incomplete contracts: An empirical analysis of Air Force engine procurement
    • Crocker K., Reynolds K. The efficiency of incomplete contracts: an empirical analysis of Air Force engine procurement. Rand Journal of Economics. 24:1993;126-146.
    • (1993) Rand Journal of Economics , vol.24 , pp. 126-146
    • Crocker, K.1    Reynolds, K.2
  • 5
    • 37649023213 scopus 로고
    • Optimal capital structure under corporate and personal taxation
    • DeAngelo H., Masulis R. Optimal capital structure under corporate and personal taxation. Journal of Financial Economics. 8:1980;3-29.
    • (1980) Journal of Financial Economics , vol.8 , pp. 3-29
    • Deangelo, H.1    Masulis, R.2
  • 6
    • 0003103803 scopus 로고
    • Corporate financial structure and managerial incentives
    • In: J. McCall (Ed.), University of Chicago Press, Chicago
    • Grossman, S., Hart, O., 1982. Corporate financial structure and managerial incentives. In: J. McCall (Ed.), The Economics of Information and Uncertainty. University of Chicago Press, Chicago.
    • (1982) The Economics of Information and Uncertainty
    • Grossman, S.1    Hart, O.2
  • 7
    • 0009172756 scopus 로고
    • Corporate control contests and capital structure
    • Harris M., Raviv A. Corporate control contests and capital structure. Journal of Financial Economics. 20:1988;55-86.
    • (1988) Journal of Financial Economics , vol.20 , pp. 55-86
    • Harris, M.1    Raviv, A.2
  • 8
    • 84977721089 scopus 로고
    • The theory of capital structure
    • Harris M., Raviv A. The theory of capital structure. Journal of Finance. 46:1991;297-355.
    • (1991) Journal of Finance , vol.46 , pp. 297-355
    • Harris, M.1    Raviv, A.2
  • 9
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance and takeovers
    • Jensen M. Agency costs of free cash flow, corporate finance and takeovers. American Economic Review. 76:1986;323-339.
    • (1986) American Economic Review , vol.76 , pp. 323-339
    • Jensen, M.1
  • 10
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • Jensen M., Meckling W. Theory of the firm: managerial behavior, agency costs, and ownership structure. Journal of Financial Economics. 3:1976;305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 11
    • 84935565321 scopus 로고
    • The organization of production: Evidence from the aerospace industry
    • Masten S. The organization of production: evidence from the aerospace industry. Journal of Law and Economics. 27:1984;403-417.
    • (1984) Journal of Law and Economics , vol.27 , pp. 403-417
    • Masten, S.1
  • 13
    • 0002304063 scopus 로고
    • The Modigliani-Miller propositions after thirty years
    • Miller M. The Modigliani-Miller propositions after thirty years. Journal of Economic Perspectives. 2:1988;99-120.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 99-120
    • Miller, M.1
  • 15
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance and the theory of investment
    • Modigliani F., Miller M. The cost of capital, corporation finance and the theory of investment. American Economic Review. 48:1958;261-297.
    • (1958) American Economic Review , vol.48 , pp. 261-297
    • Modigliani, F.1    Miller, M.2
  • 16
    • 0000687546 scopus 로고
    • Corporate income taxes and the cost of capital: A correction
    • Modigliani F., Miller M. Corporate income taxes and the cost of capital: a correction. American Economic Review. 53:1963;433-443.
    • (1963) American Economic Review , vol.53 , pp. 433-443
    • Modigliani, F.1    Miller, M.2
  • 17
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information investors do not have
    • Myers S., Majluf N. Corporate financing and investment decisions when firms have information investors do not have. Journal of Financial Economics. 13:1984;187-221.
    • (1984) Journal of Financial Economics , vol.13 , pp. 187-221
    • Myers, S.1    Majluf, N.2
  • 18
    • 0005176337 scopus 로고    scopus 로고
    • Are Sutton's predictions robust? Empirical insights into advertising, R & D, and concentration
    • Robinson W., Chiang J. Are Sutton's predictions robust? Empirical insights into advertising, R & D, and concentration. Journal of Industrial Economics. 44:1996;389-408.
    • (1996) Journal of Industrial Economics , vol.44 , pp. 389-408
    • Robinson, W.1    Chiang, J.2
  • 19
    • 0017470663 scopus 로고
    • The determinants of financial structure: The incentive signaling approach
    • Ross S. The determinants of financial structure: the incentive signaling approach. Bell Journal of Economics. 8:1977;23-40.
    • (1977) Bell Journal of Economics , vol.8 , pp. 23-40
    • Ross, S.1
  • 20
    • 0000607318 scopus 로고
    • Comment on the Modigliani-Miller propositions
    • Ross S. Comment on the Modigliani-Miller propositions. Journal of Economic Perspectives. 2:1988;127-133.
    • (1988) Journal of Economic Perspectives , vol.2 , pp. 127-133
    • Ross, S.1
  • 21
    • 0002736266 scopus 로고
    • A theory of optimal capital structure
    • Scott J. A theory of optimal capital structure. Bell Journal of Economics. 7:1976;33-53.
    • (1976) Bell Journal of Economics , vol.7 , pp. 33-53
    • Scott, J.1
  • 22
    • 0015403880 scopus 로고
    • Some aspects of the pure theory of corporate finance: Bankruptcies and take-overs
    • Stiglitz J. Some aspects of the pure theory of corporate finance: bankruptcies and take-overs. Bell Journal of Economics. 3:1972;458-482.
    • (1972) Bell Journal of Economics , vol.3 , pp. 458-482
    • Stiglitz, J.1
  • 24
    • 45549112378 scopus 로고
    • Managerial control of voting rights: Financing policies and the market for corporate control
    • Stutz R. Managerial control of voting rights: financing policies and the market for corporate control. Journal of Financial Economics. 20:1988;25-54.
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stutz, R.1
  • 26
    • 0004960757 scopus 로고
    • The structure of the American book publishing industry
    • Szenberg M., Lee E. The structure of the American book publishing industry. Journal of Cultural Economics. 18:1995;313-322.
    • (1995) Journal of Cultural Economics , vol.18 , pp. 313-322
    • Szenberg, M.1    Lee, E.2
  • 27
    • 0001524993 scopus 로고
    • The effect of capital structure on a firm's liquidation decision
    • Titman S. The effect of capital structure on a firm's liquidation decision. Journal of Financial Economics. 13:1984;137-151.
    • (1984) Journal of Financial Economics , vol.13 , pp. 137-151
    • Titman, S.1
  • 28
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman S., Wessels R. The determinants of capital structure choice. Journal of Finance. 43:1988;1-19.
    • (1988) Journal of Finance , vol.43 , pp. 1-19
    • Titman, S.1    Wessels, R.2
  • 29
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica. 48:1980;817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 30
    • 84977702527 scopus 로고
    • Corporate finance and corporate governance
    • Williamson O. Corporate finance and corporate governance. Journal of Finance. 43:1988;567-591.
    • (1988) Journal of Finance , vol.43 , pp. 567-591
    • Williamson, O.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.