CAPITAL STRUCTURE AND PRODUCT MARKET INTERACTION: AN INTERNATIONAL PERSPECTIVE

• 발행기관: People & Global Business Association
• 저자명: R S Rathinasamy C R Krishnaswamy Krishna G Mantripragada
• 간행물 정보: 『Global Business and Finance Review』Vol.5 No.2, 51~65쪽, 전체 14쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2000.12.31

영문 초록

Using financial and stock market data for five years, this study empirically tests the relation between capital structure and product market structure in an international context. The main finding is that firms with monopoly power use more long-term and total debt. This evidence is consistent with the output and limited liability effect theory and the agency theoretic risk shifting theory of capital structure and product market interaction.

목차

Abstract

INTRODUCTION

REVIEW OF LITERATURE

DATA

METHODOLOGY

HYPOTHESES

MODELS

RESULTS AND DISCUSSION

SUMMARY AND CONCLUSIONS

REFERENCES