메뉴 건너뛰기




Volumn 34, Issue 5, 2010, Pages 956-964

Employee well-being, firm leverage, and bankruptcy risk

Author keywords

Bankruptcy risk; Capital structure; Corporate social responsibility; Employee well being

Indexed keywords


EID: 77649181115     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2009.10.006     Document Type: Article
Times cited : (203)

References (40)
  • 3
    • 0041672312 scopus 로고    scopus 로고
    • Market timing and capital structure
    • Baker M., and Wurgler J. Market timing and capital structure. Journal of Finance 42 (2002) 1-32
    • (2002) Journal of Finance , vol.42 , pp. 1-32
    • Baker, M.1    Wurgler, J.2
  • 5
    • 77649189708 scopus 로고    scopus 로고
    • Berk, J.B., Stanton, R., Zechner, J., forthcoming. Human capital, bankruptcy, and capital structure. Journal of Finance.
    • Berk, J.B., Stanton, R., Zechner, J., forthcoming. Human capital, bankruptcy, and capital structure. Journal of Finance.
  • 6
    • 0001563627 scopus 로고
    • The threat of unionization, the use of debt and the preservation of shareholder wealth
    • Bronars S.G., and Deere R.R. The threat of unionization, the use of debt and the preservation of shareholder wealth. Quarterly Journal of Economics 106 (1991) 231-254
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 231-254
    • Bronars, S.G.1    Deere, R.R.2
  • 7
    • 77649189631 scopus 로고    scopus 로고
    • Chen, H., Kacperczyk, M., Ortiz-Molina, H., forthcoming. Labor unions, operating flexibility, and the cost of equity. Journal of Financial and Quantitative Analysis.
    • Chen, H., Kacperczyk, M., Ortiz-Molina, H., forthcoming. Labor unions, operating flexibility, and the cost of equity. Journal of Financial and Quantitative Analysis.
  • 8
    • 48749100473 scopus 로고    scopus 로고
    • Capital structure around the world: the roles of firm- and country-specific determinants
    • De Jong A., Kabir R., and Nguyen T. Capital structure around the world: the roles of firm- and country-specific determinants. Journal of Banking and Finance 32 (2008) 1954-1969
    • (2008) Journal of Banking and Finance , vol.32 , pp. 1954-1969
    • De Jong, A.1    Kabir, R.2    Nguyen, T.3
  • 11
    • 0036116031 scopus 로고    scopus 로고
    • Testing trade-off and pecking order predictions about dividends and debt
    • Fama E.F., and French K.R. Testing trade-off and pecking order predictions about dividends and debt. The Review of Financial Studies 15 (2002) 1-33
    • (2002) The Review of Financial Studies , vol.15 , pp. 1-33
    • Fama, E.F.1    French, K.R.2
  • 12
    • 70249108918 scopus 로고    scopus 로고
    • Capital structure decisions: which factors are reliably important?
    • Frank M.Z., and Goyal V.K. Capital structure decisions: which factors are reliably important?. Financial Management 38 (2009) 1-37
    • (2009) Financial Management , vol.38 , pp. 1-37
    • Frank, M.Z.1    Goyal, V.K.2
  • 13
    • 55149118403 scopus 로고    scopus 로고
    • The stocks at stake: return and risk in socially responsible investment
    • Galema R., Plantinga A., and Scholtens B. The stocks at stake: return and risk in socially responsible investment. Journal of Banking and Finance 32 (2008) 2646-2654
    • (2008) Journal of Banking and Finance , vol.32 , pp. 2646-2654
    • Galema, R.1    Plantinga, A.2    Scholtens, B.3
  • 14
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman J. Sample selection bias as a specification error. Econometrica 47 (1979) 153-161
    • (1979) Econometrica , vol.47 , pp. 153-161
    • Heckman, J.1
  • 15
    • 0038159332 scopus 로고    scopus 로고
    • Shareholder value, stakeholder management, and social issues: what's the bottom line?
    • Hillman A.J., and Keim G.D. Shareholder value, stakeholder management, and social issues: what's the bottom line?. Strategic Management Journal 22 (2001) 125-139
    • (2001) Strategic Management Journal , vol.22 , pp. 125-139
    • Hillman, A.J.1    Keim, G.D.2
  • 16
    • 0000165393 scopus 로고
    • The role of majority shareholders in publicly held corporations
    • Holderness C.G., and Sheehan D.P. The role of majority shareholders in publicly held corporations. Journal of Financial Economics 20 (1988) 317-346
    • (1988) Journal of Financial Economics , vol.20 , pp. 317-346
    • Holderness, C.G.1    Sheehan, D.P.2
  • 17
    • 67549131986 scopus 로고    scopus 로고
    • The price of sin: the effects of social norms on markets
    • Hong H., and Kacperczyk M. The price of sin: the effects of social norms on markets. Journal of Financial Economics 93 (2009) 15-36
    • (2009) Journal of Financial Economics , vol.93 , pp. 15-36
    • Hong, H.1    Kacperczyk, M.2
  • 19
    • 1342328696 scopus 로고    scopus 로고
    • Determinants of target capital structure: the case of dual debt and equity issues
    • Hovakimian A., Hovakimian G., and Tehranian H. Determinants of target capital structure: the case of dual debt and equity issues. Journal of Financial Economics 71 (2004) 517-540
    • (2004) Journal of Financial Economics , vol.71 , pp. 517-540
    • Hovakimian, A.1    Hovakimian, G.2    Tehranian, H.3
  • 22
    • 0033247298 scopus 로고    scopus 로고
    • The effects of corporate governance and institutional ownership types on corporate social performance
    • Johnson R.A., and Greening D.W. The effects of corporate governance and institutional ownership types on corporate social performance. Academy of Management Journal 42 (1999) 564-576
    • (1999) Academy of Management Journal , vol.42 , pp. 564-576
    • Johnson, R.A.1    Greening, D.W.2
  • 23
    • 33846484766 scopus 로고    scopus 로고
    • Corporate capital structure and the characteristics of suppliers and customers
    • Kale J.R., and Shahrur H. Corporate capital structure and the characteristics of suppliers and customers. Journal of Financial Economics 83 (2007) 265-321
    • (2007) Journal of Financial Economics , vol.83 , pp. 265-321
    • Kale, J.R.1    Shahrur, H.2
  • 24
    • 77649193525 scopus 로고    scopus 로고
    • Lipson, M.L., Mortal, S., forthcoming. Liquidity and capital structure. Journal of Financial Markets.
    • Lipson, M.L., Mortal, S., forthcoming. Liquidity and capital structure. Journal of Financial Markets.
  • 25
    • 76649090844 scopus 로고
    • Do taxes affect corporate financing decisions?
    • MacKie-Mason J.K. Do taxes affect corporate financing decisions?. Journal of Finance 45 (1990) 1471-1493
    • (1990) Journal of Finance , vol.45 , pp. 1471-1493
    • MacKie-Mason, J.K.1
  • 26
    • 41849132412 scopus 로고    scopus 로고
    • Equity market timing and capital structure: international evidence
    • Mahajan A., and Tartaroglu S. Equity market timing and capital structure: international evidence. Journal of Banking and Finance 32 (2008) 754-766
    • (2008) Journal of Banking and Finance , vol.32 , pp. 754-766
    • Mahajan, A.1    Tartaroglu, S.2
  • 27
    • 77649189920 scopus 로고    scopus 로고
    • Matsa, D.A., forthcoming. Capital structure as a strategic variable: evidence from collective bargaining. Journal of Finance.
    • Matsa, D.A., forthcoming. Capital structure as a strategic variable: evidence from collective bargaining. Journal of Finance.
  • 29
    • 19944381844 scopus 로고    scopus 로고
    • Are firms underleveraged? An examination of the effect of leverage on default probabilities
    • Molina C.A. Are firms underleveraged? An examination of the effect of leverage on default probabilities. Journal of Finance 60 (2005) 1427-1458
    • (2005) Journal of Finance , vol.60 , pp. 1427-1458
    • Molina, C.A.1
  • 31
    • 84892702170 scopus 로고    scopus 로고
    • Estimating standard errors in finance panel data sets: comparing approaches
    • Petersen M.A. Estimating standard errors in finance panel data sets: comparing approaches. Review of Financial Studies 22 (2009) 435-480
    • (2009) Review of Financial Studies , vol.22 , pp. 435-480
    • Petersen, M.A.1
  • 32
    • 84993839747 scopus 로고
    • What do we know about capital structure? Some evidence from international data
    • Rajan R.R., and Zingales L. What do we know about capital structure? Some evidence from international data. Journal of Finance 50 (1995) 1421-1460
    • (1995) Journal of Finance , vol.50 , pp. 1421-1460
    • Rajan, R.R.1    Zingales, L.2
  • 33
    • 48749108761 scopus 로고    scopus 로고
    • Socially responsible investments: Institutional aspects, performance, and investor behavior
    • Renneboog L., Ter Horst J., and Zhang C. Socially responsible investments: Institutional aspects, performance, and investor behavior. Journal of Banking and Finance 32 (2008) 1723-1742
    • (2008) Journal of Banking and Finance , vol.32 , pp. 1723-1742
    • Renneboog, L.1    Ter Horst, J.2    Zhang, C.3
  • 34
    • 77649179815 scopus 로고    scopus 로고
    • Standard and Poor's, 2006. Annual 2005 Global Corporate Default Study and Ratings Transitions.
    • Standard and Poor's, 2006. Annual 2005 Global Corporate Default Study and Ratings Transitions.
  • 36
    • 45549112378 scopus 로고
    • Managerial control of voting rights: financing policies and the market for corporate control
    • Stulz R. Managerial control of voting rights: financing policies and the market for corporate control. Journal of Financial Economics 20 (1988) 54-68
    • (1988) Journal of Financial Economics , vol.20 , pp. 54-68
    • Stulz, R.1
  • 37
    • 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) 1-19
    • (1984) Journal of Financial Economics , vol.13 , pp. 1-19
    • Titman, S.1
  • 38
    • 84977737536 scopus 로고
    • The determinants of capital structure choice
    • Titman S., and 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
  • 39
    • 0001640778 scopus 로고    scopus 로고
    • The corporate social performance-financial performance link
    • Waddock S.A., and Graves S.B. The corporate social performance-financial performance link. Strategic Management Journal 18 (1997) 303-319
    • (1997) Strategic Management Journal , vol.18 , pp. 303-319
    • Waddock, S.A.1    Graves, S.B.2
  • 40
    • 1842842960 scopus 로고    scopus 로고
    • Capital structure and stock returns
    • Welsh I. Capital structure and stock returns. Journal of Political Economy 112 (2004) 106-131
    • (2004) Journal of Political Economy , vol.112 , pp. 106-131
    • Welsh, I.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.