Corporate strategy and capital structure
探讨公司战略视角能否补充传统金融理论，解释美国大公司的资本结构选择，发现管理层选择视角有助于理解企业层面的资本结构决策。
Abstract The basic thesis of this exploratory investigation was that a corporate strategy perspective may complement the traditional financial paradigm in explaining capital structure in large U.S. corporations. Earlier fusion of strategic and financial literature led to a series of propositions antecedent to this work. Inclusion of Rumelt's diversification categories plus elsewhere validated financial contextual variables led to hypotheses for the present study. Results suggest a managerial choice perspective may help to explain the capital structure choice at the firm level of analysis.