|
Задорожная А.Н.
Теоретические и практические аспекты формирования оптимальной структуры капитала компании.
- Adizes I. Corporate lifecycles: how and why corporations grow and die and what to do about it. Рrentice Hall: Englewood Cliffs, N.J. 1988.
- Akerlof G.A. The market for “lemons”: quality uncertainty and the market mechanism // The Quarterly Journal of Economics. 1970. Vol. 84. P. 488-500.
- Altman E. I. A further empirical investigation of the bankruptcy cost question // Journal of Finance. 1984. № 39(4). P. 1067-1089.
- Ameer R. Financial liberalization and firms’ capital structure adjustments evidence from southeast Asia and South America // Journal of Economics and Finance. 2013. Vol. 37. No. 1. P. 1–32.
- Andrade G. How costly is financial (not economic) distress? Evidence from highly leveraged transactions that became distressed / G. Andrade, S. Kaplan // Journal of Finance. 1998. Vol. 53. P. 1443-1493.
- Ang J.S. The administrative costs of corporate bankruptcy: a note / J.S. Ang, J.H. Chua, J.J. McConnell // The Journal of Finance. 1982. Vol. 37. No.1. P. 219-226.
- Anthony J. Association between accounting performance measures and stock prices: a test of the life-cycle hypothesis / J. Anthony, K. Ramesh // Journal of Accounting and economics. 1992. No. 2–3(15). P. 203–227.
- Antoniou A. The determinants of capital structure: capital market-oriented versus bank-oriented institutions / A. Antoniou, Y. Guney, K. Paudyal // Journal of Financial and Quantitative Analysis. 2008. No. 43. P. 59–92.
- Antweiler W. Do U.S. stock markets typically overreact to corporate news stories? / W. Antweiler, M. Frank. Working paper. 2006. UBC and University of Minnesota.
- Badrinath S.G. To buy or not to buy? / S.G. Badrinath, N.P. Varaiya, R.L. Ferling // Financial Executive. 2000. May.
- Bae K. Creditor rights, enforcement and bank loans / K. Bae, V. Coyal // Journal of Finance. 2009. Vol. 64(2). P. 823-860.
- Baker M. Behavioral corporate finance: an updated survey / M. Baker, J. Wurgler // Handbook of the Economics of Finance. 2013. Vol. 2. Part A.
- Baker M. Market timing and capital structure / M. Baker, J. Wurgler // Journal of Finance. 2002. No. 57. P. 1-32.
- Bancel F. Cross-country determinants of capital structure choice: a survey of European firms / F. Bancel, U. Mittoo // Financial Management. 2004. No. 33. P. 103-132.
- Banjeree S. The dynamics of capital structure / S. Banjeree, A. Heshmati, C. Wihlborg // Research in Banking and Finance. 2004. No 4. P. 275–297.
- Barclay M.J. The maturity structure of corporate debt / M.J. Barclay, C. W. Smith // Journal of Finance. 1995. Vol. 50. P. 609-632.
- Barnea A. Market imperfections, agency problems, and capital structure: a review / A. Barnea, R.A. Haugen, L.W. Senbet // Financial Management. 1981. Vol. 10. P. 7-22.
- Barros L. Overconfidence, managerial optimism and the determinants of capital structure / L. Barros, A. Silveira. Working Paper. 2007.
- Baskin J. An empirical investigation of the pecking order hypothesis // Financial Management. 1989. Vol. 19. P. 26-35.
- Ben-David I. Managerial Overconfidence and Corporate Policies / I. Ben-David, J. Graham, C. Harvey. National Bureau of Economic Research. 2007. Working Paper.
- Berger A. The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle / A. Berger, G. Udell //Journal of Banking and Finance. 1998. No. 22. P. 613–673.
- Betker B.L. The administrative costs of debt restructurings: some recent evidence // Financial Management. 1997. Vol. 26. No. 4. P. 56-68.
- Bhabra G. S. Is bankruptcy costly? Recent evidence on the magnitude and determinants of indirect bankruptcy costs / G. S. Bhabra, Y. Yao // Journal of Applied Finance & Banking. 2011. Vol.1, no.2. P. 39-68.
- Bikhchandani S. A theory of fads, fashion, custom and cultural change as informational cascades / S. Bikhchandani, D. Hirshleifer, I. Welch // Journal of Political Economy. 1992. No. 100. P. 992-1026.
- Bikhchandani S. Learning from the behavior of others: conformity, fads, and informational cascades / S. Bikhchandani, D. Hirshleifer, I. Welch // The Journal of Economic Perspectives. 1998. Vol. 12. No 3. P. 151–170.
- Billett M. Growth opportunities and the choice of leverage, debt maturity, and covenants / M. Billett, T.-H.D. King, D. Mauer // The Journal of Finance. 2007. Vol. 62(2). P. 697-730.
- Bodie Z. Future investment opportunities and the value of the call provision on a bond / Z. Bodie, R.A. Taggart // Journal of Finance. 1978. Vol. 33. P. 1187-1200.
- Booth L. Capital structures in developing countries / L. Booth, V. Aivazian, A. Demirguc-Kunt, V. Maksimovic // Journal of Finance. 2001. Vol. 56. P. 87-130.
- Bradley M. On the existence of an optimal capital structure: theory and evidence / M. Bradley, A. J. Gregg, E. H. Kim // Journal of Finance. 1984. No. 3. P. 857-878.
- Brander J. Managerial compensation and the agency costs of debt finance / J. Brander, M. Poitevin // Managerial and Decision Economics. 1992. Vol. 13. P. 55–64.
- Brennan M.J. Optimal financial policy and firm valuation / M.J. Brennan, E.S. Schwartz // Journal of Finance. 1984. No. 39. P. 593-607.
- Bris A. The costs of bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization / A. Bris, I. Welch, N. Zhu // The Journal of Finance. 2006. Vol. 61. No. 3. P. 1253-1303.
- Brounen D. Capital structure policies in Europe: Survey evidence / D. Brounen, A. De Jong, C.G. Koedijk // Journal of Banking & Finance. 2006. No. 30. P. 1409–1442.
- Brown S. Careers and survival: competition and risk in the hedge fund and CTA industry / S. Brown, W. Goetzmann, J. Park // Journal of Finance. 2001. Vol. 56. P. 1869-1886.
- Bruwer B.W.S. Cash flow patterns in listed South African industrial companies / B.W.S. Bruwer, W.D. Hamman // Meditari Accountancy Research. 2005. Vol. 13. No. 1. P. 1– 17.
- Chakraborty I. Capital structure in an emerging stock market: the case of India // Research in International Business and Finance. 2010. No. 24 (2008). P. 295–314.
- Chandler A. Strategy and structure: chapters in the history of the industrial enterprise. Cambridge, MA: MIT Press, 1962.
- Chang X. Conglomerate structure and capital market timing / X. Chang, G. Hilary, H. Shih, L. Tam. Working Paper. 2010.
- Chen J. Determinants of capital structure of Chinese-listed companies // Journal of Business Research. 2004. Vol. 57. P. 1341–1351.
- Chen L. How the pecking-order theory explain capital structure / L.Chen, Sh. Chen. Working paper. 2010.
- Chesney M. Reducing asset substitution with warrant and convertible debt issues / M. Chesney, R. Gibson-Asner // Journal of Derivatives. 2001. Vol. 9. P. 39–52.
- Chow D. Some estimates of direct and indirect bankruptcy costs in Australia: September 1978 – May 1983 / D. Chow, T. Pham // Australian Journal of Management. 1989. No. 14. P. 75-95.
- Cronqvist H. Behavioral consistency in corporate finance: CEO personal and corporate leverage / H. Cronqvist, A. Makhija, S.Yonker. Working paper, 2011. Claremont McKenna College.
- Damodaran A. Applied corporate finance. 3rd Edition. Willey, 2010. 752 p.
- De Jong A. Determinants of leverage and agency problems / A. De Jong, R. Van Dijk. Working paper. 2001.
- DeAngelo H. Optimal capital structure under corporate and personal taxation / H. DeAngelo, R. Masulis // Journal of Financial Economics. 1980. Vol. 8. P.3-29.
- Delcoure N. The determinants of capital structure in transitional economies // International Review of Economics and Finance. 2007. Vol. 16. P. 400-415.
- Dickinson V. Сash flow patterns as a proxy for firm life cycle // The Accounting Review. 2011. Vol. 86. No. 6. P. 1969-1994.
- Djankov S. Private credit in 129 countries / S. Djankov, C. McLiesh, A. Shleifer // Journal of Financial Economics. 2007. Vol. 84(2). P.299-329.
- Donaldson G. Corporate debt capacity. Harvard University Press. Boston, 1961.
- Downs A. The life cycle of bureaus // Inside Bureaucracy. Little, Brown and Company: San Francisco, CA. 1967. P. 296–309.
- Drobetz W. What determines the speed of adjustment to the target capital structure? / W. Drobetz, G. Wanzenried // Applied Financial Economics. 2006. No 16. P. 941-961.
- Durand D. Costs of debt and equity funds for business: trends and problems of measurement. Conference on research in business finance. National Bureau of Economic Research. New York, 1952. P. 215-262.
- Eckbo B. E. Control benefits and CEO discipline in automatic bankruptcy auctions / B. E. Eckbo, K.S. Thorburn // Journal of Financial Economics. 2003. Vol. 69. P. 227–258.
- Eisdorfer A. Empirical evidence of risk shifting in financially distressed firms // Journal of Finance. 2008. Vol. 63(2). P. 609-637.
- Elliott W. Market timing and the debt-equity choice / W. Elliott, J. Koeter-Kant, R. Warr // Journal of Financial Intermediation. 2008. No. 17. P. 175–197.
- Esty B. C. Organizational form and risk taking in the savings and loan industry // Journal of Financial Economics. 1997. Vol. 44. P. 25-55.
- Esty B. Creditor rights, enforcement, and debt ownership structure: Evidence from the global syndicated loan market / B. Esty, W. Megginson // Journal of Financial and Quantitative Analysis. 2003. Vol. 38(1). P. 37-59.
- Fama E. Business conditions and expected returns on stocks and bonds / E. Fama, K. French // Journal of Financial Economics.1989. No 25. P. 23-49.
- Fama E. Financing decisions: Who issues stock? / E. Fama, K. French // Working Paper, 2004.
- Fama E. Testing trade-off and pecking order predictions about dividends and debt / E. Fama, K. French // The Review of Financial Studies. 2002. No. 1(15). P.1–33.
- Fama E. The theory of finance / E. Fama, M. Miller. New York: Holt: Rinehart&Winston. 1972.
- Fan J.P.H. International comparison of capital structure and debt maturity choices / J.P.H. Fan, S. Titman, G. Twite // Journal of Financial and Quantitative Analysis. 2012. Vol. 47. P. 23-56.
- Fang M. Default risk, firm's characteristics, and risk shifting / M. Fang, R. Zhong. Working paper. 2004.
- Fischer E.O. Dynamic capital structure choice: theory and tests / E.O. Fischer, R. Heinkel, J. Zechner // Journal of Finance. 1989. No 44. P. 19-40.
- Flamholtz E.G. Managing the transition from an entrepreneurship to a professionally managed firm. San Francisco: Jossey-bass, 1986.
- Flannery M.J. Partial adjustment toward target capital structures / M.J. Flannery, K.P. Rangan // Journal of Financial Economics. 2006. No. 79. P. 469-506.
- Frank M. Testing the pecking order theory of capital structure / M. Frank, V. Goyal // Journal of Financial Economics. 2003. No. 67. P. 217-248.
- Frank M. Capital structure decisions / M. Frank, V. Goyal // Financial Management. 2009. No. 1(38). P. 1–37.
- Frierman M. Agency problems of debt, convertible securities, and deviations from absolute priority in bankruptcy / M. Frierman, P. V. Viswanath // Journal of Law and Economics. 1993. Vol. 37. P. 455–476.
- Getzmann A. Target capital structure and adjustment speed in Asia / A. Getzmann, S. Lang, K. Spremann // Asia-Pacific Journal of financial studies. 2014. Vol. 43. No. 1. P. 1-30.
- Gilson S.C. Troubled debt restructurings: an empirical study of private reorganization of firms in default / S.C. Gilson, K. John, L. Lang // Journal of Financial Economics. 1990. No. 27. P. 315-353.
- Goldstein R. An EBIT-based model of dynamic capital structure / R. Goldstein, N. Ju, H. Leland // Journal of Business. 2001. No. 74. P. 483-512.
- Graham J. The theory and practice of corporate finance: evidence from the field / J. Graham, C. Harvey // Journal of Financial Economics. 2001. No. 60. P.187-243.
- Green R. C. Investment incentives, debt, and warrants // Journal of Financial Economics. 1984. Vol.13. P. 115–136.
- Gregory B.T. An empirical investigation of the growth cycle theory of small firm financing / B.T. Gregory, M.W. Rutherford, S. Oswald, L. Gardiner // Journal of Small Business Management. 2005. No. 43 (4). P. 382-392.
- Greiner L. Evolution and revolution as organizations grow // Harvard Business review. 1972. No. 50. P. 37–46.
- Grossman S. Corporate financial structure and managerial incentives / S. Grossman, O. Hart // Economics of information and uncertainty. 1982. Chicago: University of Chicago.
- Guedes J. The determinants of the maturity of corporate debt issues / J. Guedes, T. Opler // The Journal of Finance. 1996. Vol. 51. P. 1809-1833.
- Hackbarth D. Managerial traits and capital structure decisions // Journal of Financial and Quantitative analysis. 2008. Vol. 43. No. 4. P. 843-882.
- Hackbarth D. Capital structure, credit risk, and macroeconomic conditions / D. Hackbarth, J. Miao, E. Morellec // Journal of Financial Economics. 2006. No 82. P. 519-550.
- Haire M. Biological models and empirical histories of the growth of organizations // Modern Organization Theory. New York: John Wiley & Sons, Inc., 1959. P. 272-306.
- Hamada R.S. The effect of the firm’s capital structure on the systemic risk of common stocks // Journal of Finance. 1972. Vol.27. P. 435-452.
- Hasan M.М. Corporate life cycle and cost of equity capital / M.М. Hasan, M. Hossain, А. Cheung, А. Habib // Journal of Contemporary Accounting and Economics. 2015. No. 11. P. 46–60.
- Heinkel R. A Theory of capital structure relevance under imperfect information // Journal of Finance. 1982. Vol. 37. P. 1141-1150.
- Hennessy C. A. Dynamic hedging incentives, debt, and warrants / C. A. Hennessy, Y. Tserlukevich. Working paper. University of California, Berkeley. 2004.
- Hennessy C. Debt dynamics / C. Hennessy, T. Whited // Journal of Finance. 2005. Vol. 60. P. 1129-1165.
- Hennessy Ch. Repeated signaling and firm dynamics / Ch. Hennessy, D. Livdan, B. Miranda. Working Paper. University of California at Berkeley. 2007.
- Hess D. How much is too much? Debt capacity and financial flexibility / D. Hess, P. Immenkötter // Working paper. University of Cologne. October 2012.
- Hovakimian A. Are observed capital structures determined by equity market timing? // Journal of Financial and Quantitative Analysis. 2006. No. 41. P. 221–243.
- Hovakimian A. The debt-equity choice / A. Hovakimian, T. Opler, S. Titman // Journal of financial and quantitative analysis. 2001. No. 36. P. 1-24.
- Igawa K. Asymmetric information, collateral, and moral hazard / K. Igawa, G. Kanatas // Journal of Financial and Quantitative Analysis. 1990. Vol. 25(4). P. 469-490
- Ivanov I. Capital structure determinants of Russian public companies // Корпоративные финансы. 2010. №1(13). С. 5-38.
- Jensen M. Agency costs of free cash flow, corporate finance and takeover // American Economic Review. 1986. Vol. 76. P. 323-329.
- Jensen M. Theory of the firm: managerial behavior, agency costs and ownership structure / M. Jensen, W. Meckling //Journal of Financial Economics. 1976. Vol. 3. No. 4. P. 305-360.
- Jenter D. Market timing and managerial portfolio decisions // Journal of finance. 2005. No. 4. Vol. LX.
- Joeveer K. Firm, country and macroeconomic determinants of capital structure: evidence from transition economies // Journal of Comparative Economics. 2013. Vol. 41. P. 294-308.
- John K. Top-management compensation and capital structure / K. John, T. John // Journal of Finance. 1993. Vol. 48. P. 949–974.
- Kahneman D. Prospect theory: An analysis of decision under risk / D. Kahneman, A. Tversky // Econometrica. 1979. Vol. 47. P. 313-327.
- Kane A. How big is the tax advantage to debt? / A. Kane, A.J. Marcus, R.L. McDonald // Journal of Finance.1984. No 39. P. 841-853.
- Kaplan S. Financial contracting theory meets the real world: An empirical analysis of venture capital contracts / S. Kaplan, P. Stromberg // Review of Economic Studies. 2003. No. 70(2). P. 281–315.
- Katz D. The social psychology of organizations / D. Katz, R. L. Kahn. Wiley: N. Y. 1978. 838 p.
- Kayhan A. Firms' histories and their capital structures / A. Kayhan, S. Titman // Journal of Financial Economics. 2007. No. 83. P. 1–32.
- Khalid S. Financial reforms and dynamics of capital structure choice: A case of publically listed firms of Pakistan // Journal of Management Research. 2011. No. 3.
- Khan M.Y. Financial management: text, problems and cases / M.Y. Khan, P.K. Jain. New Delhi: Mcgraw Hill Higher Education, 2007.
- Kim E.H. Miller’s equilibrium, shareholder leverage clienteles, and optimal capital structure // Journal of Finance. 1982. Vol. 37. P. 301-323.
- Korteweg A. An empirical (S,s) model of dynamic capital structure / A. Korteweg, I.A. Strebulaev. Working paper. 2012.
- Krasker W. Stock price movements in response to stock issues under asymmetric information // Journal of Finance. 1986. Vol. 41. P. 93-105.
- Kraus A. A state-preference model of optimal financial leverage / A. Kraus, R.H. Litzenberger // Journal of Finance. 1973. Vol. 33. P. 911-922.
- Kwansa F.A. Bankruptcy coast and capital structure: the significance of indirect cost / F.A. Kwansa, M. Cho // International Journal of Hospitality Management. 1995. No. 14. P. 339-350.
- La Rocca M. Capital structure decisions during a firm’s life cycle / M. La Rocca, T. La Rocca, A. Cariola // Small Business Economics. 2011. No. 37. P. 107-130.
- Laeven L. Bank governance, regulation, and risk-taking / L. Laeven, R. Levine // Journal of Financial Economics. 2009. Vol. 93(2). P. 259-275.
- Larsen P.T. Default risk, debt maturity and levered equity’s risk shifting incentives. Working paper. University of Aarhus. 2006.
- Lawless R.M. Professional fees and other direct costs in Chapter 7 Business Liquidations / R.M. Lawless, S. P. Ferris // Washington University Law Review. 1997. Vol. 75. Issue 3. P. 1207-1236.
- Leland H. Informational asymmetries, financial structure and financial intermediation / H. Leland, D. Pyle // Journal of Finance. 1977. Vol. 32. P. 371-387.
- Lemmon M. Back to the beginning: persistence and the cross-section of corporate capital structure / M. Lemmon, M. Roberts, J. Zender // Journal of Finance. 2008. Vol. 63. No. 4. P. 1575-1608.
- Lester D. Organizational life cycle: A five-stage empirical scale / D. Lester, J. Parnell, S. Carraher // International Journal of Organizational Analysis. 2003. No. 11(4). P.339-354.
- Lippitt G. Crises in a developing organization / G. Lippitt, W. Schmidt. // Harvard Business review. 1967. No. 45(6). P. 102–122.
- Liu L.X. Do firms have target leverage ratios? Evidence from historical market-to- book and past returns. Working Paper. University of Rochester. 2005.
- Loof H. Dynamic optimal capital structure and technical change // Structural Change and Economic Dynamics. 2003. No 15. P. 449–468.
- LoPucki L.M. The determinants of professional fees in large bankruptcy reorganization cases / L.M. LoPucki, J.W. Doherty // Journal of Empirical Legal Studies. 2004. Vol. 1. Issue 1. P. 111-141.
- Lubben S. J. The direct costs of corporate reorganization: an empirical examination of professional fees in large Chapter 11 cases // American Bankruptcy Law Journal. 2000. Vol. 74. P. 508–552.
- Lucas D. J. Equity issues and stock price dynamics / D. J. Lucas, R. L. McDonald // Journal of Finance. 1990. Vol. 45. P. 1019-1043.
- Lyden F. Using Parsons’ functional analysis in the study of public organizations // Administrative science quarterly. 1975. No. 1(20). P. 59–70.
- Mahajan A. Equity market timing and capital structure: international evidence / A. Mahajan, S. Tartaroglu // Journal of Banking and Finance. 2008. No. 32. P. 754–766.
- Malmendier U. Corporate financial policies with overconfident managers / U. Malmendier, G. Tate, J. Yan. Working Paper, 2007.
- Mauer D.C. Interaction of corporate financing and investment decisions: a dynamic framework / D.C. Mauer, A.J. Triantis // Journal of Finance. 1994. Vol. 49. P. 1253-1277.
- Mayer C. Financial systems, corporate finance, and economic development / Asymmetric Information, Corporate Finance and Investment. University of Chicago Press. Chicago, 1990. P. 307-332.
- Mello A.S. Measuring the agency cost of debt / A.S. Mello, J.E. Parsons // Journal of Finance. 1992. No 47. P.1887-1904.
- Miglo A. The capital structure theory: where do we stand after crisis? // Journal of capital structure and financing. 2013. Vol. 1. P. 1-32.
- Miller D. A longitudinal study of the corporate life cycle / D. Miller, P. Friesen // Management science. 1984. No. 30. P. 1161–1183.
- Miller M. Debt and taxes // Journal of Finance. 1977. Vol. 32. P. 261-275.
- Modigliani F. Corporate income taxes and the cost of capital: a correction / F. Modigliani, M. Miller // American Economic Review. 1963. Vol. 53. P. 433-443.
- Modigliani F. The cost of capital, corporation finance and the theory of investment / F. Modigliani, M. Miller // American Economic Review. 1958. Vol. 48. P. 261-297.
- Mukherjee S. Dynamic adjustment towards target capital structure: evidence from Indian firms / S. Mukherjee, J. Mahakud // Journal of Advances in Management Research. 2010. No 2. P. 250-266.
- Myers S. Financial architecture // European Financial Management. 1999. No. 5. P. 133-141.
- Myers S. Interactions of corporate financing and investment decisions-implications for capital budgeting // Journal of Finance. 1974. Vol. 29. P.1-25.
- Myers S. Corporate financing and investment decisions when firms have information that investors do not have / S. Myers, N. Majluf // Journal of Financial Economics. 1984. Vol. 13. P. 187-221.
- Myers S.C. The capital structure puzzle // Journal of Finance. 1984. Vol. 39. P. 575-592.
- Myers St. Determinants of corporate borrowing // Journal of Financial Economics. 1977. Vol. 5. P. 147-175.
- Narayanan M. P. Debt versus equity under asymmetric information // Journal of Financial & Quantitative Analysis. 1988. Vol. 23. P. 39-51.
- Nivorozhkin E. Financing choices of firms in EU Accession countries // Emerging markets Review. 2005. Vol. 6. P. 138-169.
- Noe T. Capital structure and signaling game equilibria // Review of Financial Studies. 1988. Vol.1. P. 331-355.
- Oliver B. The impact of management confidence on capital structure. Working Paper. Australian National University. 2005.
- Ozerturk S. Risk sharing, risk shifting and optimality of convertible debt in venture capital. Working paper. Southern Methodist University. 2002.
- Patel J. The rationality struggle: illustrations from financial markets / J. Patel, R. Zeckhauser, D. Hendricks // American Economic Review. 1991. Vol. 81. No. 2. P. 232-236.
- Quian J. How laws and institutions shape financial contracts: The case of bank loans / J. Quian, P. Strahan // Journal of Finance. 2007. Vol. 62(6). P. 2553-2554.
- Ross S. A. The determination of financial structure: The incentive-signaling approach // The Bell Journal of Economics. 1977. Vol. 8. № 1. P. 23-40.
- Rubio G. Adjustment costs and the realization of target leverage of Spanish public firms / G. Rubio, F. Sogorb-Mira // Spanish Journal of finance and accounting. 2012. No. 156. P. 547-564.
- Schultz P. Pseudo market timing and the long-run underperformance of IPOs // Journal of finance. 2003. No. 2. Vol. LVIII.
- Scott W. The management of decline. Conference Board Record. 1976. No. 8. P. 56–59.
- Seifert B. Pecking order behavior in emerging markets / B. Seifert, H. Gonenc // Journal of International Financial Management and Accounting. 2010. Vol. 2(21). P. 1–31.
- Sharpe W.F. Capital asset prices: A theory of market equilibrium under conditions of risk // Journal of Finance. 1964. Vol. 19. P. 425-442.
- Shyam-Sunder L. Testing static tradeoff against pecking order models of capital structure / L. Shyam-Sunder, S.C. Myers // Journal of Financial Economics. 1999. Vol. 51. P.219-244.
- Sinha G. Financial statement analysis. Prentice-Hall of India Pvt.Ltd. 2009. 632 p.
- Smith C. W. On financial contracting. An analysis of bond covenants / C. W. Smith, J. B. Warner // Journal of financial economics. 1979. Vol. 7. P. 117-161.
- Stiglitz J.E. Taxation, corporate financial policy and the cost of capital // Journal of Public Economics. 1973. Vol. 2. P.1-34.
- Stonham P. A game plan for share repurchases// European Management Journal. 2002. Vol. 20. No. 1. P.37–44.
- Strebulaev I.A. Do tests of capital structure theory mean what they say? Stanford Working paper. 2004. http://ssrn.com/abstract=556697.
- Stulz R.M. An analysis of secured debt / R.M. Stulz, H. Johnson // Journal of Financial Economics. 1985. Vol. 14. P. 501-521.
- Subramanian A. Carrots or sticks? Optimal compensation for firm managers. Working paper. Georgia Institute of Technology, 2003.
- Tashjian E. Prepacks: an empirical analysis of prepackaged bankruptcies / E. Tashjian, R. C. Lease, J. J. McConnell // Journal of Financial Economics. 1996. Vol. 40. Issue 1. P. 135–162.
- Thorburn K. S. Bankruptcy auctions: costs, debt recovery, and firm survival // Journal of Financial Economics. 2000. No. 58. P. 337–368.
- Titman S. A dynamic model of optimal capital structure / S. Titman, S. Tsyplakov. University of Texas at Austin and University of South Carolina Working Paper. http://ssrn.com/abstract=332042.
- Titman S. The determinants of capital structure choice / S. Titman, R. Wessel // Journal of Finance. 1988. Vol. 43. No 1. P. 1-19.
- Tong G. Pecking order or trade-off hypothesis? Evidence on the capital structure of Chinese companies / G. Tong, C.J. Green // Applied Economics. 2005. Vol. 37(19). P. 2179-2189.
- Varouj A. A. Debt maturity structure and firm investment / A. A. Varouj, J. Qiu // Financial Management. 2005. Vol. 34. No4. P. 107-119.
- Warner J.B. Bankruptcy cost: some evidence // Journal of Finance. 1977. Vol. 3. Issue 2. P. 337-347.
- Weiss L.A. Bankruptcy resolution: direct costs and violation of priority of claims // Journal of Financial Economics. 1990. Vol. 27. Issue 2. P. 285-314.
- Welch I. Capital structure and stock returns // Journal of Political Economy. 2004. Vol. 112. P. 106-131.
- Yamada K. Inter-firm relationships and leverage adjustment. Working Paper, 2013.
- Анюхина И.М. Оценка оптимальной структуры капитала компании ОАО «Уралкалий» и Kali&Salz AG / И.М. Анохина, И.О. Иванинский, Е. В. Катаева, О.В. Озорнина, Д.В. Серебрянский, М. Шмидт-Рост // Корпоративные финансы. 2008. №4(8). С. 88-105.
- Бурханова А. А. Обзор современных исследований динамической компромиссной теории структуры капитала / А. А. Бурханова, В.В. Енков, Д. А. Коротченко и др. // Корпоративные финансы. 2012. №3. С. 70-86.
- Ван Хорн Дж. Основы управления финансами. М: Финансы и статистика. 2003. 800 c.
- Гайфутдинова Н.С. Влияние поведенческих аспектов на структуру капитала российских публичных компаний / Н.С. Гайфутдинова, М.С. Кокорева // Корпоративные финансы. 2011. № 3(19). С. 44-58.
- Григорьева С.А. Детерминанты метода платежа в сделках слияний и поглощений на развивающихся рынках капитала / С. А. Григорьева, Н.В. Фоменко // Корпоративные финансы. 2012. №4(24). С. 65-79.
- Дамодаран А. Инвестиционная оценка: Инструменты и методы оценки любых активов. М.: Альпина Паблишерз, 2010. 1338 с.
- Дороган Н.Д. Структура капитала и издержки банкротства компаний // Известия Санкт-Петербургского университета экономики и финансов. 2013. № 6(84). С. 81-84.
- Жаворонков А. Обмен долгов на акции (доли участия) в России: новые перспективы / А. Жаворонков, К. Брук // Корпоративный юрист. 2010. № 3.
- Задорожная А.Н. Ковенанты как инструмент решения конфликта интересов между акционерами и кредиторами компании // Финансы и кредит. 2014. № 16(592). С. 37-50.
- Захаров С.В. Стратегия финансирования компании на различны стадиях жизненного цикла как инструмент увеличения ее стоимости для акционеров // Автореферат диссертации на соискание ученой степени кандидата экономических наук по специальности 08.00.10 «Финансы, денежное обращение, кредит». М., 2011. 29 с.
- Ивашковская И.В. Действуют ли классические концепции выбора структуры капитала на развивающихся рынках? Эмпирический анализ компаний Восточной и Центральной Европы / И.В. Ивашковская, П.В. Макаров // Корпоративные финансы. 2010. № 3(15). С. 47-62.
- Ивашковская И.В. Жизненный цикл организации и агрегированный показатель роста / И.В. Ивашковская, Д.О. Янгель // Корпоративные финансы. 2007. №4. С. 97-110.
- Истомин В.С. Количественные подходы к анализу структуры капитала компании // Вестник АмГУ. 2009. № 47. С. 96-100.
- Как оптимизировать кредитный портфель компании // Финансовый директор. 2013. 12 декабря // www.fd.ru
- Ковенанты и события дефолта в облигационных выпусках // Авакян, Туктаров и партнеры. Информационная рассылка: рынок капитала. 2008. // http://vbibl.ru/pravo/63977/index.html.
- Кокорева М. С. Влияние внутренних и институциональных факторов на скорость приспособления к целевой структуре капитла на развитых и развивающихся рынках / М. С. Кокорева, С. М. Юлова // Корпоративные финансы. 2013. № 4(28) С. 4-18.
- Кокорева М.С. Формирование структуры капитала компаниями на развивающихся рыках / Диссертация на соискание ученой степени канд. экон. наук по специальности 08.00.01 Финансы, денежное обращение и кредит // НИУ Высшая школа экономики. М., 2012.
- Кольцова И. Пять показателей для объективной оценки долговой нагрузки вашей компании // Финансовый директор. 2011. 20 июня // www.fd.ru.
- Коупленд Т. Стоимость компаний: оценка и управление / Т. Коупленд, Т. Коллер, Дж. Муррин. М.: ЗАО «Олимп-Бизнес», 2005. 576 с.
- Крушвиц Л. Финансирование и инвестиции. Сборник задач и решений / Л. Крушвиц, Д. Шефер, М. Шваке. СПб.: Питер, 2001. 320 с.
- Михайлов А. В. Эмпирическая проверка положений статической компромиссной теории структуры капитала: сравнение по различным странам // Корпоративные финансы. 2008. №3. С. 56-61.
- Модильяни Ф. Сколько стоит фирма? Теорема ММ / Ф. Модильяни, М. Миллер. М.: Дело, 2001. 272 с.
- Никитушкина И.В. Влияние отслеживания рынка (market timing) на формирование структуры капитала компаний на развивающихся рынках / И.В. Никитушкина, А.Е. Кондакова // Научные исследования экономического факультета. 2011. Том. 3 №1.
- Николашина Н.Н. Влияние жизненного цикла на дивидендную политику // Корпоративные финансы. 2014. № 3(31). С. 105-111.
- Ованесова Ю.С Влияние стадий жизненного цикла организаций на эффективность IPO на развивающихся рынках капитала // Диссертация на соискание ученой степени кандидата экономических наук по специальности 08.00.10 «Финансы, денежное обращение и кредит». М., 2013. 158 с.
- Пономарева О. А. Динамическая концепция структуры капитала: история возникновения, эволюция и основные исследовательские вопросы // Корпоративные финансы. 2008. №2. С.78-88.
- Рогатенюк Э.В. Концептуальные подходы к оптимизации финансовой структуры капитала предприятия / Э.В. Рогатенюк, О.Н. Зеленская // Экономика и управление. 2013. № 5. С. 121–127.
- Рудык Н. Б. Структура капитала корпорации: теория и практика. М.: Дело, 2004 – 272 с.
- Рябова Е.В. Определение и классификация институциональных факторов для оценки структуры капитала корпорации / Е.В. Рябова, С. В. Романова // ФЭН-Наука. 2015. № 3(42). С. 19-23.
- Солодухина А. В. В поисках решения загадки структуры капитала: поведенческий подход / А.В. Солодухина, Д. В. Репин // Корпоративные финансы. 2008. №1. С. 103-118.
- Степанова А. Н. Финансовая архитектура и рыночная эффективность компании: эмпирический анализ на данных российских компаний / А.Н. Степанова, М. С. Кокорева // Корпоративные финансы. 2012. № 2. C. 34-44.
- Теплова Т.В. Инвестиционные рычаги максимизации стоимости компании. Практика российских предприятий. М.: Вершина, 2008. 236 с.
- Теплова Т.В. Корпоративные финансы. М.: Издательство Юрайт, 2014. 655 с.
- Теплова Т.В. Работа на заемном капитале: оптимум долговой нагрузки компании: от теоретических концепций к практическим модельным обоснованиям (часть 2) / Т.В. Теплова, А. С. Геталова // Управление корпоративными финансами. 2013. №5(59). С. 262-279.
- Черемушкин С. Оценка финансового состояния компании на основе денежных коэффициентов // Финансовый менеджмент. 2007. №5. // www.finmen.ru.
- Широкова Г.В. Модели жизненных циклов организации: теоретический анализ и эмпирические исследования / Г.В. Широкова, О.Ю. Серова // Вестник Санкт-Петербургского университета. 2008. Сер. 8. № 1. С. 3-27.
|
|