000 01553naa a2200205uu 4500
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003 OSt
005 20190211171202.0
008 100426s2009 xx ||||gr |0|| 0 eng d
100 1 _aLIM, Elisabeth Ngah-Kiing
_939655
245 1 0 _aDiversification strategy, capital structure, and the asian financial crisis (1997-1998) :
_bevdence from Singapore firms
260 _aBognor Regis :
_bWiley-Blackwell,
_cJune 2009
520 3 _aWe use agency theory to predict the influence of related and unrelated product diversification on a firm's level of debt financing. Further, we argue that the link between diversification and capital structure is moderated by the environment in which firms operate. Using SAS PROC MIXED, we fit a mixed-effects model to our unique six-year longitudinal dataset (1995-2000) of 245 publicly listed Singapore firms. Our data spans the period of the Asian Financial Crisis (1997-1998). We find that firms pursuing unrelated product diversification take on less debt financing in stable environments, but more debt financing in dynamic environments. Using longitudinal structural equation modeling, we find a reciprocal relationship between a firm's product diversification strategy and its debt financing level.
700 1 _aDAS, Shobha S.
_939656
700 1 _aDAS, Amit
_939657
773 0 8 _tStrategic Management Journal
_g30, 6, p. 577-594
_dBognor Regis : Wiley-Blackwell, June 2009
_xISSN 01432095
_w
942 _cS
998 _a20100426
_b1126^b
_cDaiane
998 _a20100428
_b1704^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c32575
_d32575
041 _aeng