ASSET SPECIFICITY, FIRM HETEROGENEITY AND CAPITAL STRUCTURE

被引：208

作者：

BALAKRISHNAN, S ^{[1
]}

FOX, I ^{[1
]}

机构：

[1] WASHINGTON STATE UNIV,COLL BUSINESS & ECON,PULLMAN,WA 99164

来源：

STRATEGIC MANAGEMENT JOURNAL | 1993年 / 14卷 / 01期

关键词：

STRATEGY; FIRM SPECIFIC ASSETS; CAPITAL STRUCTURE;

D O I：

10.1002/smj.4250140103

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents an empirical investigation of the importance of specialized assets and other unique characteristics of a firm in explaining the variance in capital structure across firms. The results show that firm-specific effects contribute most to the variance in leverage, suggesting a strong link between strategy and capital structure.

引用

页码：3 / 16

页数：14

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