Abstract
The interaction between a firm's strategic decisions and its financial policies has become an increasingly frequent topic in the managerial economics literature. We examine here a dimension of that interaction that has not previously been addressed, and suggest a new framework for defining the manner in which choices of strategy and choices of capital structure might be jointly determined, in an environment where upward pressures on factor costs and product prices are the norm.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 515-526 |
| Number of pages | 12 |
| Journal | Managerial and Decision Economics |
| Volume | 13 |
| Issue number | 6 |
| DOIs | |
| State | Published - Jan 1 1992 |
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All Science Journal Classification (ASJC) codes
- Business and International Management
- Strategy and Management
- Management Science and Operations Research
- Management of Technology and Innovation
Cite this
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Corporate growth, corporate strategy, and the choice of capital structure. / Kracaw, William A.; Lewellen, Wilbur G.; Woo, Carolyn Y.
In: Managerial and Decision Economics, Vol. 13, No. 6, 01.01.1992, p. 515-526.Research output: Contribution to journal › Article
TY - JOUR
T1 - Corporate growth, corporate strategy, and the choice of capital structure
AU - Kracaw, William A.
AU - Lewellen, Wilbur G.
AU - Woo, Carolyn Y.
PY - 1992/1/1
Y1 - 1992/1/1
N2 - The interaction between a firm's strategic decisions and its financial policies has become an increasingly frequent topic in the managerial economics literature. We examine here a dimension of that interaction that has not previously been addressed, and suggest a new framework for defining the manner in which choices of strategy and choices of capital structure might be jointly determined, in an environment where upward pressures on factor costs and product prices are the norm.
AB - The interaction between a firm's strategic decisions and its financial policies has become an increasingly frequent topic in the managerial economics literature. We examine here a dimension of that interaction that has not previously been addressed, and suggest a new framework for defining the manner in which choices of strategy and choices of capital structure might be jointly determined, in an environment where upward pressures on factor costs and product prices are the norm.
UR - http://www.scopus.com/inward/record.url?scp=84986760734&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84986760734&partnerID=8YFLogxK
U2 - 10.1002/mde.4090130607
DO - 10.1002/mde.4090130607
M3 - Article
AN - SCOPUS:84986760734
VL - 13
SP - 515
EP - 526
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
SN - 0143-6570
IS - 6
ER -