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001 | 0042611260337 | ||
003 | OSt | ||
005 | 20190211171202.0 | ||
008 | 100426s2009 xx ||||gr |0|| 0 eng d | ||
100 | 1 |
_aLIM, Elisabeth Ngah-Kiing _939655 |
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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 |
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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 |
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700 | 1 |
_aDAS, Amit _939657 |
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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 |
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998 |
_a20100428 _b1704^b _cCarolina |
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999 |
_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c32575 _d32575 |
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041 | _aeng |