|
Adelegan, O, 2007, Efeect of Taxes on Business Financing Decisions and Firm Value in Nigeria, International Research Journal of Financial and Economics, issue 12. 193-199
Aggarwal, R. and X. Zhao, 2007, The Leverage-value Relationship Puzzle: An Industry Effects Resolution, Journal of Economics and Business 59 286-297
Agrawal, A. and C. R, Knoeber, 1996, Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders, Journal of Financial and Quantitative Analysis, Vol 31, NO 3,
Arditti, F., H. Levy, and M. Sarnat, 1977, Taxes, Capital Structure and the Cost of Capital: Some Extensions, Quarterly Review of Economics and Business, 17 (Summer), 89-95.
Asquith, P. and D. Mullins, 1986, Signalling with Dividends, Stock Repurchases and Equity Issues, Financial Management (Autumn), 27-44
Asquith, paul , Robert Gertner, and David Shardfstein, 1994. Anatomy of Financial Distress : An Examination of Junk-bond Issuers, Quarterly Journal of Economics 109, 625-658
Awan, H. M. M. I. Bhatti, R. Ali, and A. Qureshi, 2010, How Growth Opportunities are Related to Corporate Leverage Decisions？, Investment Management and Financial innovations, Volume7, Issue1,2010
Barnhart, S. W. and S. Rosenstein, 1998, Board Composition, Managerial Ownership, and Firm Performance: An Empirical Analysis, The Financial review 33(1998) 1-16
Baxter, D., 1967, Leverage, Risk of Ruin and the Cost of Capital, Journal of Finance, 22 (4), 395-403.
Benge, M., 1997, Taxes, Corporate Financial Policy and Investment Decisions in Australia, The Economic Record, 73 (220), 1-15.
Bhattacharya, S., 1979, Imperfect Information, Dividend Policy, and “the Bird in the Hand” Fallacy, Bell Journal of Economics, 10, 259-270.
Bowman, J., 1980, The Importance of a Market Value Measurement of Debt in Assessing Leverage, Journal of Accounting Research, 18, 242-252.
Bradley, Michael, Gregg Jarrell, and E. Han Kim, 1984, On the Existence of an Optimal Capital Structure, Journal of Finance 39, 857–878.
Brennan, M. and E. Schwartz, 1978, Corporate Income Taxes, Valuation, and the Problem of Optimal Capital Structure, Journal of Business, 51, 103-114.
Bureau of Industry Economics, 1990, Does the Australian Tax System Favor Company Debt?, (Business Income Taxation Paper 4, AGPS).
Bureau of Industry Economics,1993, Tax Concessions and Dividend Imputation, (Research Report 44, AGPS).
Chamberlain, G., 1978, Omitted Variable Bias in Panel Data: Estimating the Return to Schooling, Annales de L’Insee, 30/31, 49-82.
Chang, C. S., S. S., Chen, A. Hsing and C. W., Huang,2007, Investment Opportunities, Free Cash Flow, and Stock Valuation Effects of Secured Debt Offerings, Review of Quantitative Finance and Accounting, February 2007, Volume 28, Issue 2, pp 123-145
Cheng, M. C and Z, C. Tzeng, 2011, ‘The Effect of Leverage on Firm Value and How the Firm Financial Quality Influence on This Effect‘, World Journal of Management,Vol.3.no.2.pp30-53.
Crocket, J. and L. Friend, 1967, Some Estimates of the Cost of Capital to the Electric Utility Industry, 1954-1957: Comment, American Economic Review, 57 (5), 1258-1267.
Chen, S.S., F, C., Jen and D, Choi, 1999, The Determination of the Seniority Structure of Debt: Theory and Evidence, Review of Quantitative Finance and Accounting , July 1999, Volume 13, Issue 1, pp 5-28
Chen, S. S., and K, C., Fu, 2011, An Examination of the Free Cash Flow and Information/Signaling Hypotheses Using Unexpected Dividend Changes Inferred from Option and Stock Prices: the Case of Regular Dividend Increases. Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2011, vol. 14, issue 03, pages 563-600.
Dammon, R. and L. Senbet, 1988, The Effect of Taxes and Depreciation on Corporate Investment and Financial Leverage, Journal of Finance, 43, 357-371.
Dang, V. A, 2011, Lverage, Debt Maturity and Firm Investment: A Empirical Analysis, Journal of Business Finance & Accounting, 38(1) &(2), 225-258.January/march.
DeAngelo, H. and R. Masulis, 1980, Optimal Capital Structure under Corporate and Personal Taxation, Journal of Financial Economics, 8, 3-29.
Deen, K. and N. Doron, 2002,‘ Valuation of the Debt Tax Shield’, The Journal of Finance, Vol.LVII,NO.5‧Octorber
Easterbrook, F., 1984, Two Agency-Costs Explanations of Dividends, American Economic Review, 74, 650-659.
Ericsson, J.,2000, Asset Substitution. Debt Pricing, Optimal Leverage and Optimal Maturity. Journal of Finance 21, 39-69
Eldomiaty, T. I., and M. A., Ismail, 2009, Modeling Capital Structure Decisions in a Transition Market: Empirical Analysis of Firms in Egypt. Review of Quantitative Finance and Accounting, April 2009, Volume 32, Issue 3, pp 211-233,
Fama, E. F., 1977, Foundations of Finance (Basil Blackwell, Oxford, U.K.).
Fama, E. and K. French, 1998, Taxes, Financing Costs, and Firm Value, Journal of Finance, 53, 819-843.
Fama, E. F.., and French, K. R., 1998, Taxes, Financial Decisions, and Firm Value, The journal of Finance, Vol.53, No.3. pp.819-843.
Fama, E. F..,and French, K. R., 2005. Financing Decisions: Who Issues Stock?. Journal of Financial Economics 76, 549-582.
Fischer, Edwin, Robert, H and Z, Josef , 1989, Dynamic Capital Structure Choice: Theory and Tests, Journal of Finance 44, 19–40.
Francois, P and M, Erwan , 2004.Capital and Asset Prices: Some Effects of Bankruptcy Procedures. Journal of business 77,387-411,
Frank, M. Z. and V. K. Goyal, 2009, Capital Structure Decisions: Which Factors Are Reliably Important？, Financial Management, Financial Management Association International, Vol. 38(1), pages1-37.
Friend, I. and J. Hasbrouck, 1988, Determinants of Capital Structure, in: A. H. Chen, eds, Research in Finance (JAI Press Inc.), 7, 1-19.
Garner, J. L., J. Nam, and R. E. Ottoo, 2002, Determinants of Corporate Growth Opportunity of Emerging Firm. Journal of Economics and Business, 35-66
Gatward, P. and I. G. Sharpe, 1996, Capital Structure Dynamics with Interrelated Adjustment: Australian evidence, Australian Journal of Management, 21(2), 89-112.
Ghosh, A. and R, Clayton, 2006, Debt and Equity Market Reaction to Employment Report, Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2006, vol. 09, issue 03, pages 431-440.
Gordon, M. J., 1962, The Investment, Financing, and Valuation of the Corporation, (Homewood, IL: Irwin).
Gordon, M. J., 1967, Some Estimates of the Cost of Capital to the Electric Utility Industry, 1954-57: Comment, American Economic Review, 57 (5), 1267-1278.
Graham, J. R.,1999, Do Personal Taxes Affect Corporate Financing Decisions? Journal of Public Economics 73, 147–185.
Graham, J. R., 2000, How Big Are the Tax Effects of Debt?, Journal of Finance, 55 (5), 1901-1941.
Graham, J. R., 1996, Debt and the Marginal Tax Rate, Journal of Financial Economics, 41, 41-73.
Greene, W. H., 1993, Econometric Analysis 2nd ed., (Macmillan Publishing Company, New York, 445-485).
Green, Richard C., and Burton Hollifield, the Personal-Tax Advantages of Equity, Journal of Financial Economics, 67(2003) 175-216
Gul, F. A. and J. S. L. Tsui, 1998, A Test of the Free Cash Flow and Debt Monitoring Hypotheses: Evidence from Audit Pricing, Journal of Accounting and Economics, 24, 219-237.
Gul, S. M. Sajid, N. Razzaq, and F. Afzal, Agency Cost, Corporate Governance and Ownership Structure(the Case of Pakistan), International Journal of Business and Social Science, Vol.3 No.9; may 2012
Hackbarth, D., Miao, J., Morellec , E., 2006. Capital Structure , Credit Risk, and Macroeconomic Condition. Journal of Financial Economics 82,519-550
Hamson, D. F., 1992, An Empirical Examination of Corporate Capital Structure in Australia and the USA, (Unpublished PhD Thesis submitted in the Department of Commerce, University of Queensland, Australia).
Hausman, J., 1978, Specification Test in Econometrics, Economtrica, 46, 1251-1271.
Hsiao, C., 1986, Analysis of Panel Data (Cambridge University Press, Cambridge) .
Huffman, S. and M. Schellenger, 2009, VaR as a Determinant of Capital Structure and Bankruptcy Prediction, Financial Decisions, Summer 2009, Article 5.
Jaggi, B, and F. A., Gul, 1999, An Analysis of Joint Effects of Investment Opportunity Set, Free Cash Flows and Size on Corporate Debt Policy, Review of Quantitative Finance and Accounting, June 1999, Volume 12, Issue 4, pp 371-381
Jensen, M. C. and W. Meckling, 1976, Theory of the Firm: Managerial Behaviour, Agency Costs, and Ownership Structure, Journal of Financial Economics, 3, 305-360.
Jensen, M. C., 1986, Agency Costs of Free Cash Flow, Corporate Finance and Takeovers, American Economic Review, 76, 323-329.
John, K. and J. Williams, 1985, Dividends, Dilution and Taxes: a Signaling Equilibrium, Journal of Finance, 40, 1053-1070.
Johnston, J. and J. Dinardo, 1997, Econometric Methods 4th ed. (The McGraw-Hill Companies, Inc., New York), 395-397.
Jones, R., 1993, Australia, in: D. W. Jorgenson and R. Landau, eds., Tax Reform and the Cost of Capital: An International Comparison, (Brookings, Washington D.C.)
Jun, S. G., and F. C., Jen, 2003,Trade-Off Model of Debt Maturity Structure, Review of Quantitative Finance and Accounting,January 2003, Volume 20, Issue 1, pp 5-34
Kim, E. H., 1978, A Mean-Variance Theory of Optimal Capital Structure and Corporate Debt Capacity, Journal of Finance, 33, 45-64.
Kraus, A. and R. Litzenberger, 1973, A State-Preference Model of Optimal Capital Structure, Journal of Finance, 28, 911-21.
Kemsley, D. and D. Nissim, 2002, Valuation of the Debt Tax Shield, The Journal of Finance, Vol.LVII, NO.5, October.
Lambrecht, B. M., Myers, S. C., 2007. A Theory of Takeovers and Disinvestment. Journal of Finance 62,809-845
Li, C. A., and H, C., Ma, 2010, The Performance and Cash Flows of Newly Raised Funds, Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2010, vol. 13, issue 04, pages 539-557.
Lee, J. and J.J. Young, 2008, Testing a Static Nature of the Information Effect of Free Cash Flow: From the Point of View of Agency Cost of Free Cash Flow, The Korean Journal of Financial engineering, Vol,7, No.4, 157-179
Leland, H. and D. Pyle, 1977, Information Asymmetries, Financial Structure, and Financial Intermediation, Journal of Finance, 32, 371-88.
Lee, K. W., and C, F. Lee, 2009, Cash Holdings, Corporate Governance Structure and Firm Valuation, Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2009, vol. 12, issue 03, pages 475-508.
Leary, M., Roberts, M., 2005. Do Firms Rebalance Their Capital Structures?. Journal of Finance 60, 2575-2619
Long, M., and I. Malitz, 1985, Investment Patterns and Financial Leverage, in: B. Friedman, eds., Corporate Capital Structure and Financial Intermediaries, (The University of Chicago Press, Chicago).
Lim,Y, 2012, Tax Avoidance and Underleverage Puzzle: Korean Evidence, Review of Quantitative Finance and Accounting, October 2012, Volume 39, Issue 3, pp 333-360
Liu, W. C., and C. M, Hsu., 2006, Financial Structure, Corporate Finance and Growth of Taiwan’s Manufacturing, Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2006, vol. 09, issue 01, pages 67-95.
Luo, Q, and T, Hachiya, 2005, Corporate Governance, Cash Holdings, and Firm value: Evidence from Japan, Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2005, vol. 08, issue 04, pages 613-636
Madala, G. S., 1993, The Econometrics of Panel Data Volume I (University Press, Cambridge, Great Britain, xii-xxi).
MacKie, M and K, Jeffrey, 1990, Do Taxes Affect Corporate Financing Decisions? Journal of Finance 45, 1471–1493.
Mauer, D. C., Sarkar, S., 2005. Real Options, Agency Conflicts, and Optimal Capital Structure. Journal of banking and Finance 29, 1405-1428.
Miller, M. and K. Rock, 1985, Dividend Policy under Asymmetric Information, Journal of Finance, 40, 1031-1051.
Miller, M. H., and F. Modigliani, 1961, Dividend Policy, Growth and the Valuation of Shares, Journal of Business, 34, 411-433.
Miller, M. H. and F. Modigliani, 1966, Some Estimates of the Cost of Capital to the Electric Utility Industry, 1954-57, The American Economic Review, 56 (3), 333-391.
Miller, M. H., 1977, Debt and Taxes, The Journal of Finance, 32, 261-73.
Modigliani, F. and M. H. Miller, 1958, The Cost of Capital, Corporation Finance and the Theory of Investment, American Economic Review, 48, 261-97.
Modigliani, F. and M. H. Miller, 1963, Corporation Income Taxes and the Cost of Capital: A Correction, American Economic Review, 53, 433-443.
Mollik, A. T., 1998, Market Efficiency in Australian Stock Exchange: A Long-Run Perspective, The Rajshahi University Studies Part-C, 6, 1998.
Morling, C. T. S. and J. Pleban, 1992, Dividends and Taxation: A Preliminary Investigation (Reserve Bank of Australia Research Discussion Paper 9211).
Myers S. C., 1977, The Determinants of Corporate Borrowing, Journal of Financial Economics, 5, 147-175.
Myers, S. C., 1984, The Capital Structure Puzzle, Journal of Finance, 39, 575-592.
Myers, S. C., Lambrecht, B. M., 2008. Debt and Managerial Rents in a Real-Options Model of the Firm. Journal of Financial Economic 89,209-231
Peirson, G., R. Brown, S Easton, and P. Howard, 1998, Peirson and Bird’s Business Finance 7th ed., (McGraw-Hill Book Company Australia Pty Limited, 4 Barcoo Street, Roseville NSW 2069, Australia), 489-490.
Pender, H. and S. Ross, 1993, Income Tax and Asset Choice in Australia (EPAC Research Paper No. 3, EPAC).
Rao, C. U. and R. H. Litzenberger, 1971, Leverage and the Cost of Capital in a Less Developed Capital Market: Comment, Journal of Finance, 26 (3), 777-782.
Robicheck, A. A., J. G. McDonald, and R. C. Higgins, 1967, Some Estimates of the Cost of Capital to the Electric Utility Industry, 1954-57: Comment, American Economic Review, 57 (5), 1278-1288.
Ross, S., 1977, The Determination of Financial Structure: The Incentive-Signaling Approach, Bell Journal of Economics, 8, 23-40.
Sarma, L. V. L. N. and K. S. H. Rao, 1969, Leverage and the Value of the Firm, Journal of Finance, 24 (4), 673-677.
Schmidt, R., 1976, Determinants of Corporate Debt Ratios in Germany, European Finance Association 1975 Proceedings, North Holland, Amsterdam.
Scott, J. Jr., 1976, A Theory of Optimal Capital Structure, Bell Journal of Economics and Management Science, 7, 33-53.
Sieper, E., 1995, Infrastructure Taxation (Report prepared for the office of EPAC, mimeo, Australian National University).
Sinn, H. W., 1991, Taxation and the Cost of Capital: the “Old” View, the “New” View, and Another View, in: D. F. Bradford, eds., Tax Policy and the Economy (Volume 5, NBER).
Scherr, F. C. and H. M. Hulburt, 2001, The Debt Maturity Structure of Small Firms, Financial management, 85-111
Smith, C. W. and R. Stulz(1985), “ The Determinants of Firm’s Hedging policy.” Journal of Financial and Quantitative Analysis, 20,No4,pp.391-405.,
Shyam-Sunder, L. and S. Myers, 1998, Testing Static Trade-Off against Pecking-Order Models of Capital Structure, Journal of Financial Economics, 51, 219-244.
Strebulaev, I. A., 2007. Do Tests of Capital Structure Theory Mean What They Say?. Journal of Finance 62, 1747-1787.
Titman, S. and R. Wessels, 1988,The Determinants of Capital Structure Choice, Journal of Finance, 43, 1-19.
Trezevant, Robert, 1992, Debt Financing and Tax Status: Tests of the Substitution Effect and the Tax Exhaustion Hypothesis using Firms Responses to the Economic Recovery Tax Act of 1981,Journal of Finance 45, 1557–1568.
Twite, G., 2001, Capital Structure Choices and Taxes: Evidence from the Australian Dividend Imputation Tax System, International Review of Finance, 2:4, 217-234.
Uhrig-Homburg, M., 2005. Cash-Flow Shortages as an Endogenous Bankruptcy Reason. Journal of banking and Finance 29, 1509-1534.
Utami, S. R. and E. L. Inanga, 2011, Agency Costs of Free Cash Flow, Dividend Policy, and Leverage of Firms in Indonesia, European Journal of Economics, Finance and Administrative Science,
Xie, Y. A., Liu, S. and Wu, C., 2005. Duration, Default Risk, and the Term Structure of Interest Rate. Journal of financial research 28, 539-554
Zodrow, G. R., 1992, On the “Traditional” and “New” Views of Dividends, National Tax Journal, 44, 497-509.
|