Does financing influence firm strategy and competition? A long-term perspective
This project empirically investigates the impact of different corporate strategies and competition on the capital structure of Dutch firms. Finance and strategy have traditionally been two areas of research that were studied separately. There is however an increasing call for integration between finance and strategy research as several scholars have argued that financial decisions have strategic importance and a strategic perspective is thought to facilitate a more eclectic and realistic assessment of the capital structure puzzle (Barton and Gordon, 1987; Bromiley, 1990; Kochhar, 1996; Myers, 2001). This project responds to this call by examining whether firms’ capital structure is related to their corporate strategy for a selection of large Dutch firms from 1948 till 2003.
- Capital structure; financing choice; corporate governance; bank financing; business history
- Time frame
- 2009 -
Rajamani, A., Ghazizadeh, P. & Peek, E. (2015). Divestiture and Cost of Capital (Working Paper).
Office: Mandeville Building T10-37
Burgemeester Oudlaan 50
3062 PA Rotterdam
3000 DR Rotterdam