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PENGUJIAN STRUKTUR MODAL (TEORI PECKING ORDER): ANALISIS EMPIRIS TERHADAP SAHAM di LQ-45
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PENGUJIAN STRUKTUR MODAL (TEORI PECKING ORDER): ANALISIS EMPIRIS TERHADAP SAHAM di LQ-45 (2009)PENGUJIAN STRUKTUR MODAL (TEORI PECKING O…Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure (2008)Back to the Beginning: Persis…The Capital Structure of Swiss Companies: an Empirical Analysis Using Dynamic Panel Data (2005)The Capital Structure of Swis…Capital Structure and Stock Returns (2004)Capital Structure and Stock R…Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.1 (1999)Testing static tradeoff again…What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…The Theory of Capital Structure (1991)The Theory of Capital Structu…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Equity Issues and Stock Price Dynamics (1990)Equity Issues and Stock Price…Capital Structure and the Informational Role of Debt (1990)Capital Structure and the Inf…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Capital Structure Puzzle (1984)The Capital Structure PuzzleDeterminants 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…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Capital structure behaviour among Indonesian property developers during different business cycles (2022)Capital structure behaviour a…TESTING ON PECKING ORDER THEORY AND ANALYSIS OF COMPANY’S CHARACTERISTIC EFFECTS ON EMITTEN’S CAPITAL STRUCTURE (2015)TESTING ON PECKING ORDER THEO…Pengaruh Likuiditas, Profitabilitas, Tangibility Assets, Ukuran Perusahaan dan Pajak terhadap Struktur Modal (2014)Pengaruh Likuiditas, Profitab…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)A Survey of Corporate Governance (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)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)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The Nature of the Firm (1937)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)An Integrative Model Of Organizational Trust (1995)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Initial conditions and moment restrictions in dynamic panel data models (1998)Econometric Analysis of Cross Section and Panel Data (2001)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies (2011)Do Peer Firms Affect Corporate Financial Policy? (2013)The Cross-Section of Expected Stock Returns (1992)Law and Finance (1998)Corporate Ownership Around the World (1999)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

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  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1984The Capital Structure Puzzle7,520 cited
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  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1991The Theory of Capital Structure4,371 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 2008Back to the Beginning: Persistence and the Cross‐Section of Corporate Capital Structure1,846 cited
  • 1999Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclaimers apply. Funding from MIT and the Tuck School at Dartmouth College is gratefuly acknowledged. We also thank two reviewers, Richard S. Ruback and Clifford W. Smith, Jr., for helpful comments.11,755 cited
  • 1990Capital Structure and the Informational Role of Debt1,378 cited
  • 2004Capital Structure and Stock Returns

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1,250 cited
  • 1990Equity Issues and Stock Price Dynamics660 cited
  • 2005The Capital Structure of Swiss Companies: an Empirical Analysis Using Dynamic Panel Data469 cited
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    • 2014Pengaruh Likuiditas, Profitabilitas, Tangibility Assets, Ukuran Perusahaan dan Pajak terhadap Struktur Modal12 cited
    • 2015TESTING ON PECKING ORDER THEORY AND ANALYSIS OF COMPANY’S CHARACTERISTIC EFFECTS ON EMITTEN’S CAPITAL STRUCTURE11 cited
    • 2022Capital structure behaviour among Indonesian property developers during different business cycles11 cited