메뉴 건너뛰기




Volumn 33, Issue 9-10, 2006, Pages 1402-1434

Corporate financing decisions: UK survey evidence

Author keywords

Agency theory; Capital structure; Institutional differences; Pecking order theory; Survey; Trade off theory

Indexed keywords


EID: 33845393615     PISSN: 0306686X     EISSN: 14685957     Source Type: Journal    
DOI: 10.1111/j.1468-5957.2006.00640.x     Document Type: Article
Times cited : (103)

References (70)
  • 1
    • 0042622968 scopus 로고    scopus 로고
    • Does the pecking order hypothesis explain the dividend payout ratio of firms in the UK?
    • November/December
    • Adedeji, A. (1998), 'Does the Pecking Order Hypothesis Explain the Dividend Payout Ratio of Firms in the UK?', Journal of Business Finance & Accounting, Vol. 25, Nos. 9/10 (November/December), pp. 1127-55.
    • (1998) Journal of Business Finance & Accounting , vol.25 , Issue.9-10 , pp. 1127-1155
    • Adedeji, A.1
  • 3
    • 84964127524 scopus 로고
    • The determinants of the capital structure of listed australian companies: The financial manager's perspective
    • Allen, D.E. (1991), 'The Determinants of the Capital Structure of Listed Australian Companies: the Financial Manager's Perspective', Australian Journal of Management, Vol. 16, No. 2, pp. 103-28.
    • (1991) Australian Journal of Management , vol.16 , Issue.2 , pp. 103-128
    • Allen, D.E.1
  • 4
    • 84996173897 scopus 로고    scopus 로고
    • Spare debt capacity: Company practices in Australia, Britain and Japan
    • _ (2000), 'Spare Debt Capacity: Company Practices in Australia, Britain and Japan', Australian Journal of Management, Vol. 25, No. 3, pp. 299-326.
    • (2000) Australian Journal of Management , vol.25 , Issue.3 , pp. 299-326
  • 5
    • 4043158219 scopus 로고    scopus 로고
    • Determinants of corporate capital structure: Evidence from european countries
    • (Centre for Empirical Research in Finance, University of Durham, Durham)
    • Antoniou, A., Y. Guney and K. Paudyal (2002), 'Determinants of Corporate Capital Structure: Evidence from European Countries', Working Paper (Centre for Empirical Research in Finance, University of Durham, Durham).
    • (2002) Working Paper
    • Antoniou, A.1    Guney, Y.2    Paudyal, K.3
  • 6
    • 0041672312 scopus 로고    scopus 로고
    • Market timing and capital structure
    • Baker, M. and J. Wurgler (2002), 'Market Timing and Capital Structure', Journal of Finance, Vol. 57, No. 1, pp. 1-30.
    • (2002) Journal of Finance , vol.57 , Issue.1 , pp. 1-30
    • Baker, M.1    Wurgler, J.2
  • 7
    • 11244277096 scopus 로고    scopus 로고
    • Cross-country determinants of capital structure choice: A survey of european firms
    • Bancel, F. and U.R. Mittoo (2004), 'Cross-country Determinants of Capital Structure Choice: A Survey of European Firms', Financial Management, Vol. 33, No. 4, pp. 103-32.
    • (2004) Financial Management , vol.33 , Issue.4 , pp. 103-132
    • Bancel, F.1    Mittoo, U.R.2
  • 8
    • 84993924992 scopus 로고
    • The priority structure of corporate liabilities
    • Barclay, M.J. and C.W. Smith (1995), 'The Priority Structure of Corporate Liabilities', Journal of Finance, Vol. 50, No. 3 (July), pp. 899-917.
    • (1995) Journal of Finance , vol.50 , Issue.3 JULY , pp. 899-917
    • Barclay, M.J.1    Smith, C.W.2
  • 9
    • 0008387019 scopus 로고    scopus 로고
    • The capital structure puzzle: Another look at the evidence
    • _ (1999), 'The Capital Structure Puzzle: Another Look at the Evidence', Journal of Applied Corporate Finance, Vol. 12, No. 1 (Spring), pp. 8-20.
    • (1999) Journal of Applied Corporate Finance , vol.12 , Issue.1 SPRING , pp. 8-20
  • 10
    • 84989021279 scopus 로고
    • Corporate strategy and capital structure
    • Barton, S.L. and P.L. Gordon (1988), 'Corporate Strategy and Capital Structure', Strategic Management Journal, Vol. 9, No. 6 (November), pp. 623-32.
    • (1988) Strategic Management Journal , vol.9 , Issue.6 NOVEMBER , pp. 623-632
    • Barton, S.L.1    Gordon, P.L.2
  • 11
    • 0038201376 scopus 로고    scopus 로고
    • The impact of constructive operating lease capitalisation on key accounting ratios
    • Beattie, V., K. Edwards and A. Goodacre (1998), 'The Impact of Constructive Operating Lease Capitalisation on Key Accounting Ratios', Accounting and Business Research, Vol. 28, No. 4 (Autumn), pp. 233-54.
    • (1998) Accounting and Business Research , vol.28 , Issue.4 AUTUMN , pp. 233-254
    • Beattie, V.1    Edwards, K.2    Goodacre, A.3
  • 12
    • 0041620995 scopus 로고
    • The determinants of capital structure: Some UK evidence
    • Bennett, M. and R. Donnelly (1993), 'The Determinants of Capital Structure: Some UK Evidence', British Accounting Review, Vol. 25, No. 1, pp. 43-59.
    • (1993) British Accounting Review , vol.25 , Issue.1 , pp. 43-59
    • Bennett, M.1    Donnelly, R.2
  • 13
    • 0036167115 scopus 로고    scopus 로고
    • Capital structure and its determinants in the UK - A decompositional analysis
    • Bevan, A.A. and J. Danbolt (2002), 'Capital Structure and its Determinants in the UK - a Decompositional Analysis', Applied Financial Economics, Vol. 12, No. 3 (March), pp. 159-70.
    • (2002) Applied Financial Economics , vol.12 , Issue.3 MARCH , pp. 159-170
    • Bevan, A.A.1    Danbolt, J.2
  • 14
    • 1142281029 scopus 로고    scopus 로고
    • Testing for inconsistencies in the estimation of UK capital structure determinants
    • _ (2004), 'Testing for Inconsistencies in the Estimation of UK Capital Structure Determinants', Applied Financial Economics, Vol. 14, No. 1 (January), pp. 55-66.
    • (2004) Applied Financial Economics , vol.14 , Issue.1 JANUARY , pp. 55-66
  • 17
    • 11244313074 scopus 로고    scopus 로고
    • Corporate finance in Europe: Confronting theory with practice
    • Brounen, D., A. de Jong and K. Koedijk (2004), 'Corporate Finance in Europe: Confronting Theory with Practice', Financial Management, Vol. 33, No. 4, pp. 71-101.
    • (2004) Financial Management , vol.33 , Issue.4 , pp. 71-101
    • Brounen, D.1    De Jong, A.2    Koedijk, K.3
  • 18
    • 37649023213 scopus 로고
    • Optimal capital structure under corporate and personal taxation
    • DeAngelo, H. and R.W. Masulis (1980), 'Optimal Capital Structure Under Corporate and Personal Taxation', Journal of Financial Economics, Vol. 8, No. 1 (March), pp. 3-29.
    • (1980) Journal of Financial Economics , vol.8 , Issue.1 MARCH , pp. 3-29
    • Deangelo, H.1    Masulis, R.W.2
  • 19
    • 0030481223 scopus 로고    scopus 로고
    • Stock market development and financing choices of firms
    • Demirgüç-Kunt, A. and V. Maksimovic (1996), 'Stock Market Development and Financing Choices of Firms', World Bank Economic Review, Vol. 10, No. 2, pp. 341-69.
    • (1996) World Bank Economic Review , vol.10 , Issue.2 , pp. 341-369
    • Demirgüç-Kunt, A.1    Maksimovic, V.2
  • 20
    • 0036338027 scopus 로고    scopus 로고
    • Funding growth in bank-based and market-based financial systems: Evidence from firm-level data
    • _ (2002), 'Funding Growth in Bank-based and Market-based Financial Systems: Evidence from Firm-level Data', Journal of Financial Economics, Vol. 65, No. 3, pp. 337-63.
    • (2002) Journal of Financial Economics , vol.65 , Issue.3 , pp. 337-363
  • 21
    • 84943202646 scopus 로고    scopus 로고
    • Differentiating debt target from non-target firms: An empirical study on corporate capital structure
    • (Judge Institute of Management Studies, Cambridge)
    • Dissanaike, G., B.M. Lambrecht and A. Saragga (2001), 'Differentiating Debt Target from Non-target Firms: An Empirical Study on Corporate Capital Structure', Working Paper (Judge Institute of Management Studies, Cambridge).
    • (2001) Working Paper
    • Dissanaike, G.1    Lambrecht, B.M.2    Saragga, A.3
  • 23
    • 0036116031 scopus 로고    scopus 로고
    • Testing tradeoff and pecking order predictions about dividends and debt
    • Fama, E.F. and K.R. French (2002), 'Testing Tradeoff and Pecking Order Predictions About Dividends and Debt', Review of Financial Studies, Vol. 15, No. 1, pp. 1-33.
    • (2002) Review of Financial Studies , vol.15 , Issue.1 , pp. 1-33
    • Fama, E.F.1    French, K.R.2
  • 24
    • 84978569594 scopus 로고
    • Debt Management and the Use of Leasing Finance in UK Corporate Financing Strategies
    • Fawthrop, R.A. and B. Terry (1975), 'Debt Management and the Use of Leasing Finance in UK Corporate Financing Strategies,' Journal of Business Finance & Accounting, Vol. 2, No. 3 (Autumn), pp. 295-314.
    • (1975) Journal of Business Finance & Accounting , vol.2 , Issue.3 AUTUMN , pp. 295-314
    • Fawthrop, R.A.1    Terry, B.2
  • 25
    • 32544454993 scopus 로고    scopus 로고
    • Partial adjustment toward target capital structures
    • Flannery, M.J. and K.P. Rangan (2006), 'Partial Adjustment Toward Target Capital Structures', Journal of Financial Economics, Vol. 79, No. 3, pp. 469-506.
    • (2006) Journal of Financial Economics , vol.79 , Issue.3 , pp. 469-506
    • Flannery, M.J.1    Rangan, K.P.2
  • 26
    • 0037292694 scopus 로고    scopus 로고
    • Testing the pecking order theory of capital structure
    • Frank, M.Z. and V.K. Goyal (2003), 'Testing the Pecking Order Theory of Capital Structure', Journal of Financial Economics, Vol. 67, No. 2, pp. 217-48.
    • (2003) Journal of Financial Economics , vol.67 , Issue.2 , pp. 217-248
    • Frank, M.Z.1    Goyal, V.K.2
  • 27
    • 0000318873 scopus 로고    scopus 로고
    • The Theory and Practice of Corporate Finance: Evidence from the Field
    • Graham, J.R. and C.R. Harvey (2001), 'The Theory and Practice of Corporate Finance: Evidence from the Field', Journal of Financial Economics, Vol. 60, Nos. 2/3 (May), pp. 187-243.
    • (2001) Journal of Financial Economics , vol.60 , Issue.2-3 MAY , pp. 187-243
    • Graham, J.R.1    Harvey, C.R.2
  • 28
    • 0040844857 scopus 로고    scopus 로고
    • Debt, leases, taxes and the endogeneity of corporate tax status
    • _, M.L. Lemmon and J.S. Schallheim (1998), 'Debt, Leases, Taxes and The Endogeneity of Corporate Tax Status', Journal of Finance, Vol. 53, No. 1 (February), pp. 131-62.
    • (1998) Journal of Finance , vol.53 , Issue.1 FEBRUARY , pp. 131-162
    • Lemmon, M.L.1    Schallheim, J.S.2
  • 30
    • 0003103803 scopus 로고
    • Corporate financial structure and managerial incentives
    • J. McCall ed. University of Chicago Press, Chicago
    • Grossman, S.J. and O. Hart (1982), 'Corporate Financial Structure and Managerial Incentives', in J. McCall (ed.), The Economics of Information and Uncertainty (University of Chicago Press, Chicago), pp. 107-37.
    • (1982) The Economics of Information and Uncertainty , pp. 107-137
    • Grossman, S.J.1    Hart, O.2
  • 31
    • 84936628616 scopus 로고
    • Structural inertia and organizational change
    • Hannan, M.T. and J.H. Freeman (1984), 'Structural Inertia and Organizational Change', American Sociological Review, Vol. 49, No. 2 (April), pp. 149-64.
    • (1984) American Sociological Review , vol.49 , Issue.2 APRIL , pp. 149-164
    • Hannan, M.T.1    Freeman, J.H.2
  • 32
    • 0009172756 scopus 로고
    • Corporate control contests and capital structure
    • Harris, M. and A. Raviv (1988), 'Corporate Control Contests and Capital Structure', Journal of Financial Economics, Vol. 20, pp. 55-86.
    • (1988) Journal of Financial Economics , vol.20 , pp. 55-86
    • Harris, M.1    Raviv, A.2
  • 33
    • 84977721089 scopus 로고
    • The theory of capital structure
    • _ (1991), 'The Theory of Capital Structure', Journal of Finance, Vol. 46, No. 1 (March), pp. 297-355.
    • (1991) Journal of Finance , vol.46 , Issue.1 MARCH , pp. 297-355
  • 35
    • 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, Vol. 76, No. 2, pp. 323-39.
    • (1986) American Economic Review , vol.76 , Issue.2 , pp. 323-339
    • Jensen, M.C.1
  • 36
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behaviour, agency costs, and capital structure
    • _ and W. Meckling (1976), 'Theory of the Firm: Managerial Behaviour, Agency Costs, and Capital Structure', Journal of Financial Economics, Vol. 3, No. 4 (October), pp. 305-60.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 OCTOBER , pp. 305-360
    • Meckling, W.1
  • 38
    • 0032416910 scopus 로고    scopus 로고
    • Law and finance
    • _ (1998), 'Law and Finance', Journal of Political Economy, Vol. 106, No. 6, pp. 1113-55.
    • (1998) Journal of Political Economy , vol.106 , Issue.6 , pp. 1113-1155
  • 39
    • 84982571693 scopus 로고
    • Agency costs, taxes and debt: The UK evidence
    • Lasfer, M.A. (1995), 'Agency Costs, Taxes and Debt: The UK Evidence', European Financial Management, Vol. 1, No. 3, pp. 265-85.
    • (1995) European Financial Management , vol.1 , Issue.3 , pp. 265-285
    • Lasfer, M.A.1
  • 40
    • 33845455193 scopus 로고    scopus 로고
    • Debt structure, agency costs and firm's size: An empirical investigation
    • (City University Business School, London)
    • _ (1999), 'Debt Structure, Agency Costs and Firm's Size: An Empirical Investigation', Working Paper (City University Business School, London).
    • (1999) Working Paper
  • 41
    • 28244478078 scopus 로고    scopus 로고
    • Do firms rebalance their capital structure?
    • Leary, M.T. and M.R. Roberts (2005), 'Do Firms Rebalance their Capital Structure?', Journal of Finance, Vol. 60, No. 6, pp. 2575-619.
    • (2005) Journal of Finance , vol.60 , Issue.6 , pp. 2575-2619
    • Leary, M.T.1    Roberts, M.R.2
  • 42
    • 84993843481 scopus 로고
    • The new issues puzzle
    • Loughran, T. and J.R. Ritter (1995), 'The New Issues Puzzle', Journal of Finance, Vol. 50, No. 1, pp. 23-51.
    • (1995) Journal of Finance , vol.50 , Issue.1 , pp. 23-51
    • Loughran, T.1    Ritter, J.R.2
  • 43
    • 0003826682 scopus 로고
    • Applied Social Research Methods Series, (Sage Publications)
    • Mangione, T.W. (1995), Mail Surveys Improving the Quality, Applied Social Research Methods Series, Vol. 40 (Sage Publications).
    • (1995) Mail Surveys Improving the Quality , vol.40
    • Mangione, T.W.1
  • 44
    • 84977409606 scopus 로고
    • The choice between equity and debt: An empirical study
    • Marsh, P. (1982), 'The Choice Between Equity and Debt: An Empirical Study', Journal of Finance, Vol. 37, No. 1 (March), pp. 121-44.
    • (1982) Journal of Finance , vol.37 , Issue.1 MARCH , pp. 121-144
    • Marsh, P.1
  • 45
    • 0033454144 scopus 로고    scopus 로고
    • CEO ownership, leasing and debt financing
    • Mehran, H., R.A. Taggart and D. Yermack (1999), 'CEO Ownership, Leasing and Debt Financing', Financial Management, Vol. 28, No. 2 (Summer), pp. 5-15.
    • (1999) Financial Management , vol.28 , Issue.2 SUMMER , pp. 5-15
    • Mehran, H.1    Taggart, R.A.2    Yermack, D.3
  • 46
    • 0000294096 scopus 로고
    • The cost of capital, corporation finance, and the theory of investment
    • Modigliani, F.F. and M.H. Miller (1958), 'The Cost of Capital, Corporation Finance, and the Theory of Investment', American Economic Review, Vol. 48, No. 3 (June), pp. 261-97.
    • (1958) American Economic Review , vol.48 , Issue.3 JUNE , pp. 261-297
    • Modigliani, F.F.1    Miller, M.H.2
  • 47
    • 0000687546 scopus 로고
    • Corporation income taxes and the cost of capital: A correction
    • _ (1963), 'Corporation Income Taxes and the Cost of Capital: A Correction', American Economic Review, Vol. 53, No. 3 (June), pp. 433-43.
    • (1963) American Economic Review , vol.53 , Issue.3 JUNE , pp. 433-443
  • 48
    • 49449125071 scopus 로고
    • Determinants of corporate borrowing
    • Myers, S.C. (1977), 'Determinants of Corporate Borrowing', Journal of Financial Economics, Vol. 5, No. 2 (November), pp. 147-75.
    • (1977) Journal of Financial Economics , vol.5 , Issue.2 NOVEMBER , pp. 147-175
    • Myers, S.C.1
  • 49
    • 84944830772 scopus 로고
    • The Capital Structure Puzzle
    • _ (1984), 'The Capital Structure Puzzle', Journal of Finance, Vol. 39, No. 3 (July), pp. 575-92.
    • (1984) Journal of Finance , vol.39 , Issue.3 JULY , pp. 575-592
  • 50
    • 48549110620 scopus 로고
    • Corporate financing and investment decisions when firms have information investors do not have
    • _ and N.S. Majluf (1984), 'Corporate Financing and Investment Decisions when Firms Have Information Investors Do Not Have', Journal of Financial Economics, Vol. 13, No. 2 (June), pp. 187-221.
    • (1984) Journal of Financial Economics , vol.13 , Issue.2 JUNE , pp. 187-221
    • Majluf, N.S.1
  • 52
    • 0001775095 scopus 로고    scopus 로고
    • The determinants and implications of corporate cash holdings
    • Opler, T.C., L. Pinkowitz, R. Stulz and R. Williamson (1999), 'The Determinants and Implications of Corporate Cash Holdings', Journal of Financial Economics, Vol. 52, No. 1 (April), pp. 3-46.
    • (1999) Journal of Financial Economics , vol.52 , Issue.1 APRIL , pp. 3-46
    • Opler, T.C.1    Pinkowitz, L.2    Stulz, R.3    Williamson, R.4
  • 54
    • 1142295093 scopus 로고    scopus 로고
    • Determinants of capital structure and adjustment to long run target: Evidence from UK company panel data'
    • Ozkan, A. (2001), 'Determinants of Capital Structure and Adjustment to Long Run Target: Evidence from UK Company Panel Data', Journal of Business Finance & Accounting, Vol. 28, Nos. 1/2 (January/March), pp. 175-98.
    • (2001) Journal of Business Finance & Accounting , vol.28 , Issue.1-2 JANUARY-MARCH , pp. 175-198
    • Ozkan, A.1
  • 55
    • 0002626659 scopus 로고
    • What managers think of capital structure: A survey
    • Pinegar, J.M. and L. Wilbricht (1989), 'What Managers Think of Capital Structure: A Survey', Financial Management, Vol. 18, No. 4 (Winter), pp. 82-91.
    • (1989) Financial Management , vol.18 , Issue.4 WINTER , pp. 82-91
    • Pinegar, J.M.1    Wilbricht, L.2
  • 56
    • 84993839747 scopus 로고
    • What do we know about capital structure choice? Some evidence from international data
    • Rajan, R.G. and L. Zingales (1995), 'What Do We Know About Capital Structure Choice? Some Evidence from International Data', Journal of Finance, Vol. 50, No. 5 (December), pp. 1421-60.
    • (1995) Journal of Finance , vol.50 , Issue.5 DECEMBER , pp. 1421-1460
    • Rajan, R.G.1    Zingales, L.2
  • 57
    • 0242369744 scopus 로고    scopus 로고
    • The trade-off model with mean reverting earnings: Theory and empirical tests
    • Sarkar, S. and F. Zapatero (2003), 'The Trade-off Model with Mean Reverting Earnings: Theory and Empirical Tests', Economic Journal, Vol. 113 (October), pp. 834-60.
    • (2003) Economic Journal , vol.113 , Issue.OCTOBER , pp. 834-860
    • Sarkar, S.1    Zapatero, F.2
  • 58
    • 0002348877 scopus 로고
    • Financing policies and practices in large corporations
    • Scott, D.F. and D.J. Johnson (1982), 'Financing Policies and Practices in Large Corporations', Financial Management, Vol. 11, No. 2 (Summer), pp. 51-9.
    • (1982) Financial Management , vol.11 , Issue.2 SUMMER , pp. 51-59
    • Scott, D.F.1    Johnson, D.J.2
  • 59
    • 0000106113 scopus 로고    scopus 로고
    • Testing static tradeoff against pecking order models of capital structure
    • Shyam-Sunder, L. and S.C. Myers (1999), 'Testing Static Tradeoff Against Pecking Order Models of Capital Structure', Journal of Financial Economics, Vol. 51, No. 2 (February), pp. 219-44.
    • (1999) Journal of Financial Economics , vol.51 , Issue.2 FEBRUARY , pp. 219-244
    • Shyam-Sunder, L.1    Myers, S.C.2
  • 62
    • 58149364936 scopus 로고
    • Underperformance in long-run stock returns following seasoned equity offerings
    • Spiess, D.K. and J. Affleck-Graves (1995), 'Underperformance in Long-Run Stock Returns Following Seasoned Equity Offerings', Journal of Financial Economics, Vol. 38, No. 3 (July), pp. 243-67.
    • (1995) Journal of Financial Economics , vol.38 , Issue.3 JULY , pp. 243-267
    • Spiess, D.K.1    Affleck-Graves, J.2
  • 65
    • 0040418631 scopus 로고    scopus 로고
    • HBS-JFE Conference Volume: Complementary Research Methods
    • Tufano, P. (2001), 'HBS-JFE Conference Volume: Complementary Research Methods', Journal of Financial Economics, Vol. 60, No. 2/3 (May), pp. 179-85.
    • (2001) Journal of Financial Economics , vol.60 , Issue.2-3 MAY , pp. 179-185
    • Tufano, P.1
  • 66
    • 0000918870 scopus 로고
    • Nonresponse bias in mail accounting surveys: A Pedagogical Note
    • Wallace, R.S.O. and C.J. Mellor (1988), 'Nonresponse Bias in Mail Accounting Surveys: A Pedagogical Note', British Accounting Review, Vol. 20, No. 2 (August), pp. 131-39.
    • (1988) British Accounting Review , vol.20 , Issue.2 AUGUST , pp. 131-139
    • Wallace, R.S.O.1    Mellor, C.J.2
  • 67
    • 0010815972 scopus 로고
    • Nonresponse bias in mail accounting surveys: A pedagogical extension
    • _ and T.E. Cooke (1990), 'Nonresponse Bias in Mail Accounting Surveys: A Pedagogical Extension', British Accounting Review, Vol. 22, No. 3 (September), pp. 283-88.
    • (1990) British Accounting Review , vol.22 , Issue.3 SEPTEMBER , pp. 283-288
    • Cooke, T.E.1
  • 68
    • 1142283074 scopus 로고    scopus 로고
    • Agency and tax explanations of security issuance decisions
    • Walsh, E.J. and J. Ryan (1997), 'Agency and Tax Explanations of Security Issuance Decisions', Journal of Business Finance & Accounting, Vol. 24, Nos. 7/8 (September), pp. 943-61.
    • (1997) Journal of Business Finance & Accounting , vol.24 , Issue.7-8 SEPTEMBER , pp. 943-961
    • Walsh, E.J.1    Ryan, J.2
  • 69
    • 1842842960 scopus 로고    scopus 로고
    • Capital Structure and Stock Returns
    • Welch, I. (2004), 'Capital Structure and Stock Returns', Journal of Political Economy, Vol. 112, No.1 (February), pp. 106-31.
    • (2004) Journal of Political Economy , vol.112 , Issue.1 FEBRUARY , pp. 106-131
    • Welch, I.1
  • 70
    • 84977702527 scopus 로고
    • Corporate finance and corporate governance
    • Williamson, O.E. (1988), 'Corporate Finance and Corporate Governance', Journal of Finance, Vol. 43, No. 3 (July), pp. 567-91.
    • (1988) Journal of Finance , vol.43 , Issue.3 JULY , pp. 567-591
    • Williamson, O.E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.