Capital structure decisions along the supply chain: Evidence from import competition
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Huang, Q. | - |
dc.contributor.author | Kim, R. | - |
dc.date.available | 2020-09-14T08:11:15Z | - |
dc.date.created | 2019-03-18 | - |
dc.date.issued | 2019-08 | - |
dc.identifier.issn | 0047-2506 | - |
dc.identifier.uri | http://scholarworks.bwise.kr/ssu/handle/2018.sw.ssu/38967 | - |
dc.description.abstract | This paper studies the spillover effect of import competition in downstream industries on upstream capital structure. We find that a large reduction in import tariffs in a customer industry induces suppliers to choose more conservative financial policies. We show that firms lower their leverage more when the customer?supplier relationship is more valuable to the firms and when firms are more vulnerable to the downstream shock. Finally, firms adjust their leverage mainly by issuing more equity. ? 2019, Academy of International Business. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | Palgrave Macmillan Ltd. | - |
dc.relation.isPartOf | Journal of International Business Studies | - |
dc.title | Capital structure decisions along the supply chain: Evidence from import competition | - |
dc.type | Article | - |
dc.identifier.doi | 10.1057/s41267-019-00225-9 | - |
dc.type.rims | ART | - |
dc.identifier.bibliographicCitation | Journal of International Business Studies, v.50, no.6, pp.873 - 894 | - |
dc.description.journalClass | 1 | - |
dc.identifier.wosid | 000477019700002 | - |
dc.identifier.scopusid | 2-s2.0-85062606066 | - |
dc.citation.endPage | 894 | - |
dc.citation.number | 6 | - |
dc.citation.startPage | 873 | - |
dc.citation.title | Journal of International Business Studies | - |
dc.citation.volume | 50 | - |
dc.contributor.affiliatedAuthor | Kim, R. | - |
dc.type.docType | Article in Press | - |
dc.description.isOpenAccess | N | - |
dc.subject.keywordAuthor | capital structure | - |
dc.subject.keywordAuthor | customer?supplier links | - |
dc.subject.keywordAuthor | globalization | - |
dc.subject.keywordAuthor | import competition | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
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