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Capital structure and firm performance: A new approach to testing agency theory and an application to the banking industry
16 references·16 citing·27 second hopsampled
Capital structure and firm performance: A new approach to testing agency theory and an application to the banking industry (2005)Capital structure and firm performance: A…The Debt-Equity Choice (2001)The Debt-Equity ChoiceAgency Costs and Ownership Structure (2000)Agency Costs and Ownership St…Understanding the determinants of managerial ownership and the link between ownership and performance (1999)Understanding the determinant…Executive compensation structure, ownership, and firm performance (1995)Executive compensation struct…The Theory of Capital Structure (1991)The Theory of Capital Structu…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Management ownership and market valuation (1988)Management ownership and mark…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…The effect of capital structure on a firm's liquidation decision (1984)The effect of capital structu…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…Are you good enough? CSR, quality management and corporate financial performance in the hospitality industry (2019)Are you good enough? CSR, qua…Corporate governance, capital structure and firm performance: Evidence from Thailand (2017)Corporate governance, capital…Capital structure and firm performance: Empirical evidence from a small transition country (2017)Capital structure and firm pe…Capital structure, product market competition and firm performance: Evidence from South Africa (2013)Capital structure, product ma…Capital Structure and Firm Performance: Evidence from Malaysian Listed Companies (2012)Capital Structure and Firm Pe…Bank supervision, regulation, and efficiency: Evidence from the European Union (2011)Bank supervision, regulation,…The impact of non-traditional activities on the estimation of bank efficiency: International evidence (2010)The impact of non-traditional…Efficiency and risk in European banking (2010)Efficiency and risk in Europe…The impact of capital‐structure choice on firm performance: empirical evidence from Egypt (2009)The impact of capital‐structu…The impact of banking regulations on banks' cost and profit efficiency: Cross-country evidence (2009)The impact of banking regulat…Cost and profit efficiency of conventional and Islamic banks in GCC countries (2009)Cost and profit efficiency of…Capital structure, equity ownership and firm performance (2009)Capital structure, equity own…The impact of capital structure on the performance of microfinance institutions (2007)The impact of capital structu…Does the stock market value bank diversification? (2007)Does the stock market value b…Capital Structure and Firm Efficiency (2007)Capital Structure and Firm Ef…Bank ownership and efficiency in China: What will happen in the world’s largest nation? (2007)Bank ownership and efficiency…Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)The Modern Corporation and Private Property (1933)Agency Problems and Residual Claims (1983)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)Significance tests and goodness of fit in the analysis of covariance structures. (1980)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)The theory and practice of corporate finance: evidence from the field (2001)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Managerial incentives and risk-taking☆ (2005)How does financial reporting quality relate to investment efficiency? (2009)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1991The Theory of Capital Structure4,371 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 2000Agency Costs and Ownership Structure2,517 cited
  • 1999Understanding the determinants of managerial ownership and the link between ownership and performance2,502 cited
  • 1995Executive compensation structure, ownership, and firm performance2,088 cited
  • 2001The Debt-Equity Choice1,797 cited
  • 1984

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The effect of capital structure on a firm's liquidation decision
1,501 cited

Cited by

  • 2007Bank ownership and efficiency in China: What will happen in the world’s largest nation?1,069 cited
  • 2009Capital structure, equity ownership and firm performance870 cited
  • 2010Efficiency and risk in European banking687 cited
  • 2007Does the stock market value bank diversification?631 cited
  • 2009The impact of capital‐structure choice on firm performance: empirical evidence from Egypt566 cited
  • 2012Capital Structure and Firm Performance: Evidence from Malaysian Listed Companies470 cited
  • 2011Bank supervision, regulation, and efficiency: Evidence from the European Union416 cited
  • 2017Corporate governance, capital structure and firm performance: Evidence from Thailand386 cited
  • 2009The impact of banking regulations on banks' cost and profit efficiency: Cross-country evidence373 cited
  • 2007The impact of capital structure on the performance of microfinance institutions325 cited
  • 2007Capital Structure and Firm Efficiency321 cited
  • 2019Are you good enough? CSR, quality management and corporate financial performance in the hospitality industry295 cited
  • 2017Capital structure and firm performance: Empirical evidence from a small transition country290 cited
  • 2009Cost and profit efficiency of conventional and Islamic banks in GCC countries287 cited
  • 2010The impact of non-traditional activities on the estimation of bank efficiency: International evidence282 cited
  • 2013Capital structure, product market competition and firm performance: Evidence from South Africa250 cited