메뉴 건너뛰기




Volumn 63, Issue 4, 2008, Pages 1575-1608

Back to the beginning: Persistence and the cross-section of corporate capital structure

Author keywords

[No Author keywords available]

Indexed keywords


EID: 47749124164     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2008.01369.x     Document Type: Article
Times cited : (1095)

References (53)
  • 3
    • 84920580593 scopus 로고    scopus 로고
    • Oxford University Press (. Oxford, United Kingdom).
    • Arellano, Manuel, 2003, Panel Data Econometrics, Oxford University Press (Oxford, United Kingdom).
    • (2003) Panel Data Econometrics
    • Arellano, M.1
  • 4
    • 0041672312 scopus 로고    scopus 로고
    • The market timing theory of capital structure
    • and.
    • Baker, Malcolm, and Jeffrey Wurgler, 2002, The market timing theory of capital structure, Journal of Finance 57, 1 30.
    • (2002) Journal of Finance , vol.57 , pp. 1-30
    • Baker, M.1    Wurgler, J.2
  • 5
    • 0345447671 scopus 로고    scopus 로고
    • Managing with style: The effect of managers on firm policies
    • and.
    • Bertrand, Marianne, and Antoinette Schoar, 2003, Managing with style: The effect of managers on firm policies, Quarterly Journal of Economics 118, 1169 1208.
    • (2003) Quarterly Journal of Economics , vol.118 , pp. 1169-1208
    • Bertrand, M.1    Schoar, A.2
  • 6
    • 0001438979 scopus 로고    scopus 로고
    • Initial conditions and moment restrictions in dynamic panel data models
    • and.
    • Blundell, Richard, and Stephen Bond, 1998, Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics 87, 115 143.
    • (1998) Journal of Econometrics , vol.87 , pp. 115-143
    • Blundell, R.1    Bond, S.2
  • 10
    • 0007985438 scopus 로고    scopus 로고
    • Why do firms repurchase stock?
    • Dittmar, Amy, 2000, Why do firms repurchase stock? Journal of Business 73, 331 355.
    • (2000) Journal of Business , vol.73 , pp. 331-355
    • Dittmar, A.1
  • 11
    • 33846256157 scopus 로고    scopus 로고
    • Why do firms issue equity?
    • and
    • Dittmar, Amy, and Anjan Thakor, 2005, Why do firms issue equity? Journal of Finance 62, 1 54.
    • (2005) Journal of Finance , vol.62 , pp. 1-54
    • Dittmar, A.1    Thakor, A.2
  • 12
    • 0036116031 scopus 로고    scopus 로고
    • Testing trade-off and pecking order predictions about dividends and debt
    • and.
    • Fama, Eugene F., and Kenneth R. French, 2002, Testing trade-off and pecking order predictions about dividends and debt, Review of Financial Studies 15, 1 33.
    • (2002) Review of Financial Studies , vol.15 , pp. 1-33
    • Fama, E.F.1    French, K.R.2
  • 13
    • 19144364975 scopus 로고    scopus 로고
    • Financing decisions: Who issues stock?
    • and
    • Fama, Eugene F., and Kenneth R. French, 2005, Financing decisions: Who issues stock? Journal of Financial Economics 76, 549 582.
    • (2005) Journal of Financial Economics , vol.76 , pp. 549-582
    • Fama, E.F.1    French, K.R.2
  • 14
    • 29344460646 scopus 로고    scopus 로고
    • Does the source of capital affect capital structure?
    • and
    • Faulkender, Michael, and Mitchell Petersen, 2006, Does the source of capital affect capital structure? Review of Financial Studies 19, 45 79.
    • (2006) Review of Financial Studies , vol.19 , pp. 45-79
    • Faulkender, M.1    Petersen, M.2
  • 15
    • 32544454993 scopus 로고    scopus 로고
    • Partial adjustment toward target capital structures
    • and.
    • Flannery, Mark, and Kasturi Rangan, 2006, Partial adjustment toward target capital structures, Journal of Financial Economics 79, 469 506.
    • (2006) Journal of Financial Economics , vol.79 , pp. 469-506
    • Flannery, M.1    Rangan, K.2
  • 16
    • 0037292694 scopus 로고    scopus 로고
    • Testing the pecking order theory of capital structure
    • and.
    • Frank, Murray Z., and Vidhan K. Goyal, 2003, Testing the pecking order theory of capital structure, Journal of Financial Economics 67, 217 248.
    • (2003) Journal of Financial Economics , vol.67 , pp. 217-248
    • Frank, M.Z.1    Goyal, V.K.2
  • 20
    • 0030269260 scopus 로고    scopus 로고
    • Proxies for the corporate marginal tax rate
    • Graham, John R., 1996, Proxies for the corporate marginal tax rate, Journal of Financial Economics 42, 187 221.
    • (1996) Journal of Financial Economics , vol.42 , pp. 187-221
    • Graham, J.R.1
  • 21
    • 0000318873 scopus 로고    scopus 로고
    • The theory and practice of corporate finance: Evidence from the field
    • and.
    • Graham, John R., and Campbell Harvey, 2001, The theory and practice of corporate finance: Evidence from the field, Journal of Financial Economics 60, 187 243.
    • (2001) Journal of Financial Economics , vol.60 , pp. 187-243
    • Graham, J.R.1    Harvey, C.2
  • 22
    • 0040844857 scopus 로고    scopus 로고
    • Debt, leases, taxes, and the endogeneity of corporate tax status
    • and.
    • Graham, John R., Michael Lemmon, and James Schallheim, 1998, Debt, leases, taxes, and the endogeneity of corporate tax status, Journal of Finance 53, 131 161.
    • (1998) Journal of Finance , vol.53 , pp. 131-161
    • Graham, J.R.1    Lemmon, M.2    Schallheim, J.3
  • 25
    • 0030099669 scopus 로고    scopus 로고
    • Is there a pecking order? Evidence from a panel of IPO firms
    • and.
    • Helwege, Jean, and Nellie Liang, 1996, Is there a pecking order? Evidence from a panel of IPO firms, Journal of Financial Economics 40, 429 458.
    • (1996) Journal of Financial Economics , vol.40 , pp. 429-458
    • Helwege, J.1    Liang, N.2
  • 27
    • 34547890741 scopus 로고    scopus 로고
    • How costly is external financing? Evidence from a structural estimation
    • and.
    • Hennessy, Christopher A., and Toni M. Whited, 2007, How costly is external financing? Evidence from a structural estimation, Journal of Finance 62, 1705 1745.
    • (2007) Journal of Finance , vol.62 , pp. 1705-1745
    • Hennessy, C.A.1    Whited, T.M.2
  • 28
    • 0002980999 scopus 로고
    • Estimation of production function parameters combining time-series and cross-section data
    • Hoch, Irving, 1962, Estimation of production function parameters combining time-series and cross-section data, Econometrica 30, 34 53.
    • (1962) Econometrica , vol.30 , pp. 34-53
    • Hoch, I.1
  • 29
    • 33750169932 scopus 로고    scopus 로고
    • Are observed capital structures determined by equity market timing?
    • Hovakimian, Armen 2006, Are observed capital structures determined by equity market timing? Journal of Financial and Quantitative Analysis 41, 221 243.
    • (2006) Journal of Financial and Quantitative Analysis , vol.41 , pp. 221-243
    • Hovakimian, A.1
  • 31
    • 0003559593 scopus 로고    scopus 로고
    • Cambridge University Press, Cambridge, United Kingdom).
    • Hsiao, Cheng, 2003, Analysis of Panel Data (Cambridge University Press, Cambridge, United Kingdom).
    • (2003) Analysis of Panel Data
    • Hsiao, C.1
  • 34
    • 33845293198 scopus 로고    scopus 로고
    • Firms histories and their capital structures
    • and.
    • Kayhan, Ayla, and Sheridan Titman, 2007, Firms histories and their capital structures, Journal of Financial Economics 83, 1 32.
    • (2007) Journal of Financial Economics , vol.83 , pp. 1-32
    • Kayhan, A.1    Titman, S.2
  • 37
    • 28244478078 scopus 로고    scopus 로고
    • Do firms rebalance their capital structures?
    • and
    • Leary, Mark T., and Michael R. Roberts, 2005, Do firms rebalance their capital structures? Journal of Finance 60, 2575 2619.
    • (2005) Journal of Finance , vol.60 , pp. 2575-2619
    • Leary, M.T.1    Roberts, M.R.2
  • 43
    • 27544451588 scopus 로고    scopus 로고
    • How does industry affect firm financial structure?
    • and
    • Mackay, Peter, and Gordon Phillips, 2005, How does industry affect firm financial structure? Review of Financial Studies 18, 1433 1466.
    • (2005) Review of Financial Studies , vol.18 , pp. 1433-1466
    • MacKay, P.1    Phillips, G.2
  • 45
    • 84960614604 scopus 로고
    • Empirical production function free of management bias
    • Mundlak, Yair, 1962, Empirical production function free of management bias, Journal of Farm Economics 43, 44 56.
    • (1962) Journal of Farm Economics , vol.43 , pp. 44-56
    • Mundlak, Y.1
  • 46
    • 84944830772 scopus 로고
    • The capital structure puzzle
    • Myers, Stewart C., 1984, The capital structure puzzle, Journal of Finance 39, 575 592.
    • (1984) Journal of Finance , vol.39 , pp. 575-592
    • Myers, S.C.1
  • 47
    • 0000348264 scopus 로고    scopus 로고
    • The dynamics of productivity in the telecommunications equipment industry
    • and.
    • Olley, Steve, and Ariel Pakes, 1996, The dynamics of productivity in the telecommunications equipment industry, Econometrica 64, 1263 1298.
    • (1996) Econometrica , vol.64 , pp. 1263-1298
    • Olley, S.1    Pakes, A.2
  • 48
    • 41149126955 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: Comparing approaches, forthcoming
    • Petersen, Mitchell A., 2007, Estimating standard errors in finance panel data sets: Comparing approaches, forthcoming, Review of Financial Studies.
    • (2007) Review of Financial Studies.
    • Petersen, M.A.1
  • 49
    • 84993839747 scopus 로고
    • What do we know about capital structure: Some evidence from international data
    • and.
    • Rajan, Raghuram G., and Luigi Zingales, 1995, What do we know about capital structure: Some evidence from international data, Journal of Finance 50, 1421 1460.
    • (1995) Journal of Finance , vol.50 , pp. 1421-1460
    • Rajan, R.G.1    Zingales, L.2
  • 51
    • 0000106113 scopus 로고    scopus 로고
    • Testing static tradeoff against pecking order models of capital structure
    • and.
    • Shyam-Sunder, Lakshmi, and Stewart C. Myers, 1999, Testing static tradeoff against pecking order models of capital structure, Journal of Financial Economics 51, 219 244.
    • (1999) Journal of Financial Economics , vol.51 , pp. 219-244
    • Shyam-Sunder, L.1    Myers, S.C.2
  • 53
    • 84977737536 scopus 로고
    • The determinants of capital structure
    • and.
    • Titman, Sheridan, and Roberto Wessels, 1988, The determinants of capital structure, Journal of Finance 43, 1 19.
    • (1988) Journal of Finance , vol.43 , pp. 1-19
    • Titman, S.1    Wessels, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.