학술저널
CAPITAL STRUCTURE AND PRODUCT MARKET INTERACTION: AN INTERNATIONAL PERSPECTIVE
- People & Global Business Association
- Global Business and Finance Review
- Vol.5 No.2
-
2000.1251 - 65 (14 pages)
- 2
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.
Abstract
INTRODUCTION
REVIEW OF LITERATURE
DATA
METHODOLOGY
HYPOTHESES
MODELS
RESULTS AND DISCUSSION
SUMMARY AND CONCLUSIONS
REFERENCES
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