Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure  

Oleh:

Banerjee, Shantanu ; Dasgupta, Sudipto ; Kim, Yungsan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 63 no. 5 (Oct. 2008), page 2507-2552.
Topik: Buyer Relationships; Supplier Relationships; Stakeholder Theory; Capital Stucture
Fulltext: P 2507.pdf (247.01KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Firms in bilateral relationships are likely to produce or procure unique products-especially when they are in durable goods industries. Consistent with the arguments of Titman and Titman and Wessels, such firms are likely to maintain lower leverage. We compile a database of firms' principal customers (those that account for at least 10% of sales or are otherwise considered important for business) from the Business Information File of Compustat and find results consistent with the predictions of this theory.

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