Research Journal of Applied Sciences

Year: 2015
Volume: 10
Issue: 10
Page No. 536 - 542

Does Capital Structure React Similarly to Probable and Real Credit Rating Changes?

Authors : Afef Feki Krichene and Walid Khoufi

References

Boot, A.W.A., T.T. Milbourn and A. Schmeits, 2006. Credit ratings as coordination mechanisms. Rev. Financial Stud., 19: 81-118.
Direct Link  |  

Booth, L., V. Aivazian, A. Demirguc-Kunt and V. Maksimovic, 2001. Capital structures in developing countries. J. Finance, 56: 87-130.
CrossRef  |  Direct Link  |  

Cantor, R. and F. Packer, 1994. The credit rating industry. Fed. Reserve Bank New York Q. rev., 19: 1-26.
Direct Link  |  

Chang, C., 1999. Capital structure as optimal contracts. North Am. J. Econ. Finance, 10: 363-385.
CrossRef  |  Direct Link  |  

Chen, J.J., 2004. Determinants of capital structure of Chinese-listed companies. J. Bus. Res., 57: 1341-1351.
CrossRef  |  

Fama, E.F. and K.R. French, 2002. Testing tradeoff and pecking order predictions about dividends. Working Paper, University of Chicago and Sloan School of Management (MIT).

Faulkender, M. and M.A. Petersen, 2006. Does the source of capital affect capital structure. Rev. Financial Stud., 19: 45-79.
CrossRef  |  Direct Link  |  

Fitriya, F., A. Basyith and M. Idris, 2013. The determinants of capital structure: An empirical study of New Zealand-listed firms. Asian J. Finance Acc., 5: 1-22.
Direct Link  |  

Frank, M.Z. and V.K. Goyal, 2003. Testing the pecking order theory of capital structure. J. Financial Econ., 67: 217-248.
CrossRef  |  Direct Link  |  

Frank, M.Z. and V.K. Goyal, 2007. Capital structure decisions: Which factors are reliably important? Working Paper, University of Minnesota and Hong Kong University of Science and Technology.

Friend, I. and L.H.P. Lang, 1988. An empirical test of the impact of managerial self-interest on corporate capital structure. J. Finance, 43: 271-281.
CrossRef  |  Direct Link  |  

Gonzalez, F. and V.M. Gonzalez, 2012. Firm size and capital structure: Evidence using dynamic panel data. Appl. Econ., 44: 4745-4754.
CrossRef  |  Direct Link  |  

Graham, J.R. and C.R. Harvey, 2001. The theory and practice of corporate finance: Evidence from the field. J. Financial Econ., 60: 187-243.
CrossRef  |  Direct Link  |  

Graham, J.R., 2006. A review of taxes and corporate finance. Found. Trends Finance., 1: 573-691.

Huang, G. and F.M. Song, 2006. The determinants of capital structure: Evidence from China. China Econ. Rev., 17: 14-36.
CrossRef  |  

Kisgen, D.J., 2006. Credit ratings and capital structure. J. Finance, 61: 1035-1072.
CrossRef  |  Direct Link  |  

Kisgen, D.J., 2009. Do firms target credit ratings or leverage levels. J. Financial Quantit. Anal., 44: 1323-1344.
Direct Link  |  

Myers, S. and N. Majluf, 1984. Corporate financing and investment decisions when firms have information that investors do not have. J. Financial Econ., 13: 187-221.
CrossRef  |  Direct Link  |  

Myers, S.C., 1984. The capital structure puzzle. J. Finance, 39: 574-592.
CrossRef  |  Direct Link  |  

Myers, S.C., 2001. Capital Structure. J. Econ. Perspectives, 15: 81-102.

Nguyen, T.T., R. Kabir and A. Jong, 2008. Capital structure around the world: The roles of firm- and country-specific determinants. J. Bank. Finance., 32: 1954-1969.
Direct Link  |  

Padron, Y.G., R.M.C. Apolinaro, O.M. Santana, M. Conception, V. Martel and L.J. Sales, 2005. Determinant factors of leverage: An empirical analysis of Spanish corporations. J. Risk Finance, 6: 60-68.

Rajan, R.G. and L. Zingales, 1995. What do we know about capital structure? Some evidence from international data. J. Finance, 50: 1421-1460.
CrossRef  |  Direct Link  |  

Shin, M.S., S.E. Kim and J.H. Shin, 2012. The effects of credit ratings on capital structure: Evidence from Korea. J. Finance Acc., 11: 12-28.

Titman, S. and, R. Wessels, 1988. The determinants of capital structure choice. J. Finance, 43: 1-19.
CrossRef  |  Direct Link  |  

Wald, J.K., 1999. How firm characteristics affect capital structure: An international comparison. J. Financial Res., 22: 161-187.
Direct Link  |  

Design and power by Medwell Web Development Team. © Medwell Publishing 2024 All Rights Reserved