The determinants of capital structure: evidence from the Asia Pacific region

Journal of Multinational Financial Management - Tập 14 Số 4-5 - Trang 387-405 - 2004
Rataporn Deesomsak1, Krishna Paudyal1, Gioia Pescetto1
1Centre for Empirical Research in Finance, Durham Business School, University of Durham, Mill Hill Lane, Durham DH1 3LB, UK

Tóm tắt

Từ khóa


Tài liệu tham khảo

Antoniou, A., Guney, Y., Paudyal, K., 2002. Determinants of Corporate Capital Structure: Evidence from European Countries. Working Paper, University of Durham.

Baker, 2002, Market timing and capital structure, Journal of Finance, 62, 1, 10.1111/1540-6261.00414

Bank Negara Malaysia, 1998. The East Asian Crisis—Causes, Policy Responses, Lessons and Issues. Working Paper 4, Central Bank of Malaysia.

Beck, T., Demirguc-Kunt, A., Maksimovic, V., 2002. Financing Patterns around the World: The Role of Institutions. World Bank Policy Research Working Paper 2905.

Booth, 2001, Capital structure in developing countries, Journal of Finance, 56, 87, 10.1111/0022-1082.00320

Cassar, 2003, Capital structure and financing of SMEs: Australian evidence, Accounting and Finance, 43, 123, 10.1111/1467-629X.t01-1-00085

Cha, 2000, The relationship between developed equity markets and the Pacific Basin’s emerging equity markets, International Review of Economics and Finance, 9, 299, 10.1016/S1059-0560(00)00057-5

Claessens, 2002, Corporate governance in Asia: a survey, International Review of Finance, 3, 71, 10.1111/1468-2443.00034

Claessens, S., Klapper, L., 2002. Bankruptcy Around the World: Explanations of Its Relative Use. World Bank Policy Research Working Paper 2865.

Claessens, 2002, Resolution of corporate distress in East Asia, Journal of Empirical Finance, 10, 199, 10.1016/S0927-5398(02)00023-3

Claessens, S., Djankov, S., Lang, L., 1999. Who Controls East Asian Corporations? World Bank Policy Research Working Paper 2054.

Demirguc-Kunt, 1996, Stock market development and firms’ financing choices, World Bank Economic Review, 10, 341, 10.1093/wber/10.2.341

Demirguc-Kunt, 2002, Funding growth in bank-based and market-based financial systems: evidence from firm-level data, Journal of Financial Economics, 65, 337, 10.1016/S0304-405X(02)00145-9

Grenville, S., 1999. Financial Crises and Globalisation. Reserve Bank of Australia Bulletin August, 43–54.

Harris, 1991, The theory of capital structure, Journal of Finance, 46, 297, 10.2307/2328697

La Porta, 1999, Corporate ownership around the world, Journal of Finance, 54, 471, 10.1111/0022-1082.00115

La Porta, 1998, Law and finance, Journal of Political Economy, 106, 1113, 10.1086/250042

Mak, 2001, Determinants of corporate ownership and board structure: evidence from Singapore, Journal of Corporate Finance, 7, 235, 10.1016/S0929-1199(01)00021-9

Meesok, K., Lee, I., Liu, O., 2001. Malaysia: From Crisis to Recovery. IMF Occasional Papers 207.

Nesadurai, 2000, In defence of national economic autonomy? Malaysia’s response to the financial crisis, Pacific Review, 13, 73, 10.1080/095127400363659

Pandey, I., 2001. Capital Structure and the Firm Characteristics: Evidence from an Emerging Market. IIMA Working Paper 2001-10-04.

Prasad, S., Green, C., Murinde, V., 2003. Company Financial Structures in Developing Economies: Evidence from a Comparative Analysis of Thai and Malay Companies. Working Paper, University of Birmingham.

Rajan, 1995, What do we know about capital structure? Some evidence from international data, Journal of Finance, 50, 1421, 10.2307/2329322

Scott, 1977, Bankruptcy, secured debt, and optimal capital structure, Journal of Finance, 32, 1, 10.2307/2326898

Suto, 2003, Capital structure and investment behaviour of Malaysian firms in the 1990s: a study of corporate governance before the crisis, Corporate Governance, 11, 25, 10.1111/1467-8683.00299

Thies, 1992, Determinants of capital structure, Review of Financial Economics, 1, 40, 10.1002/j.1873-5924.1992.tb00548.x

Wiwattanakantang, 1999, An empirical study on the determinants of the capital structure of Thai firms, Pacific-Basin Finance Journal, 7, 371, 10.1016/S0927-538X(99)00007-4

Zoppa, A., McMahon, R., 2002. Pecking Order Theory and the Financial Structure of Manufacturing SMEs from Australia’s Business Longitudinal Survey. Research Paper Series 02-1, School of Commerce, The Flinders University of South Australia.