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Corporate strategy and capital structure
Sidney L. Barton,Paul J. Gordon +1 more
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In this article, a corporate strategy perspective may complement the traditional financial paradigm in explaining capital structure in large U.S. corporations, and results suggest a managerial choice perspective may help to explain the capital structure choice at the firm level of analysis.Abstract:
The basic thesis of this exploratory investigation was that a corporate strategy perspective may complement the traditional financial paradigm in explaining capital structure in large U.S. corporations. Earlier fusion of strategic and financial literature led to a series of propositions antecedent to this work. Inclusion of Rumelt's diversification categories plus elsewhere validated financial contextual variables led to hypotheses for the present study. Results suggest a managerial choice perspective may help to explain the capital structure choice at the firm level of analysis.read more
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What's in a Name? Reputation Building and Corporate Strategy
Charles J. Fombrun,Mark Shanley +1 more
TL;DR: In this article, the authors argue that firms compete for reputational status in institutional fields and attempt to influence other stakeholders' assessments by signaling firms' salient advantages by signaling their salient advantages.
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Capital structure decision making: a model for family business
TL;DR: In this article, the authors developed an empirically tested structural equation model of financing antecedents of family businesses and found that firm size, family control, business planning, and business objectives are significantly associated with debt.
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Construct validity of an objective (entropy) categorical measure of diversification strategy
TL;DR: It may be more appropriate to use the diversification factor with both the entropy and Rumelt subjective measures for maximum accuracy (however, using either alone would be acceptable), and the results suggest that the SIC measure may be appropriate in more limited circumstances.
Journal ArticleDOI
Antecedents and Performance Outcomes of Diversification: A Review and Critique of Theoretical Perspectives
TL;DR: In this article, three theoretical perspectives summarize diversification antecedents and performance outcomes and provide different explanations of antecedent resources and incentives that encourage (or discourage) diversification.
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Environmental dynamism, capital structure and performance: a theoretical integration and an empirical test
Roy L. Simerly,Mingfang Li +1 more
TL;DR: In this paper, the authors integrate models from organizational economics with the strategic management literature, and find that the match between environmental dynamism and capital structure is associated with superior economic performance.
References
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Journal ArticleDOI
The Capital Structure Puzzle
TL;DR: The Capital Structure Puzzle as discussed by the authors is a well-known problem in finance, and it has been studied extensively in the literature, e.g., The Journal of Finance, Vol. 39, No. 3, 1983 (Jul., 1984), pp. 575-592.
Book
The Concept of Corporate Strategy
TL;DR: The concept of corporate strategy, The concept of Corporate Strategy, Corporate Strategy as discussed by the authors, Corporate Strategy and Corporate Strategy: The concepts of corporate strategies and corporate strategy in the context of business.
Posted Content
Strategy and Structure: Chapters in the History of the Industrial Enterprise
TL;DR: Chandrasekaran et al. as mentioned in this paper studied the changing strategies and administrative structures of U.S. industrial companies after World War II and found that strategic growth resulted from an awareness of the needs and opportunities created by exogenous change to employ existing or expanding resources more profitably.
Book
Strategy and Structure: Chapters in the History of the American Industrial Enterprise
TL;DR: The authors summarizes the history of the expansion of the nation's largest industries during the past hundred years and then examines in depth the modern decentralized corporate structure as it was developed independently by four companies: du Pont, General Motors, Standard Oil (New Jersey), and Sears, Roebuck.