Corporate strategy: Useful perspective for the study of capital structure?
Article Abstract:
The capital structure question - the desirable mix of debt and equity - is approached from a strategy perspective. The financial perspective on capital structure can explain economy-level phenomena, but gives no clear explanation of capital structure decision making at the firm-level. The strategy perspective provides a more realistic view of leverage decision mechanisms at the firm level. The factors that influence the capital structure decision are described for the purpose of establishing a foundation for further empirical evaluation.
Publication Name: Academy of Management Review
Subject: Business, general
ISSN: 0363-7425
Year: 1987
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A contingency view of Porter's "generic strategies"
Article Abstract:
According to Porter, cost leadership and product differentiation can be pursued simultaneously only under rare conditions: It is also unclear how these strategies can be implemented. In this article Porter's generic strategies are linked to external preconditions. This approach shows that the generic strategies are not mutually exclusive and that each strategy may be linked to a variety of strategic means. The implications that these results have for structuring organizations are discussed. (Reprinted by permission of the publisher.)
Publication Name: Academy of Management Review
Subject: Business, general
ISSN: 0363-7425
Year: 1988
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Am empirical test of transaction cost theory: validating contract typology
Article Abstract:
A study was conducted to test whether transaction cost dimensions of asset specificity, uncertainty, and contract incompleteness could determine the type of contract utilized in an economic exchange. Discriminant functions were designed to categorize contract types according to the degree of contract impediments and contract knowledge represented in the exchange. Results indicated that transaction cost variables significantly influenced group differentiation.
Publication Name: Journal of Applied Management Studies
Subject: Business, general
ISSN: 1360-0796
Year: 1998
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- Abstracts: Towards a market imperfections theory of organizational structure in developing countries
- Abstracts: Towards a market imperfections theory of organizational structure in developing countries. part 2 Strategic apex configurations in state-owned enterprises
- Abstracts: An interactionist perspective on newcomer socialization rates