Capital Market Development and Firm Restructuring During an Economic Shock
Organization Science, Volume 28, Issue 3, 2017, Pages 552-573.
EI
Abstract:
We conceptualize capital markets in terms of resource access and governance, and argue that more developed capital markets facilitate firm restructuring through more effective provision of capital and governance of transactions. We then develop a contingency model that specifies that the effects of capital market development on restructur...More
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