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The relationship between ownership, financing decisions and firm performance: a signaling model

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The relationship between ownership, financing decisions and firm performance : a signaling model. / Bajaj, Mukesh; Chan, Yuk-Shee; Dasgupta, Sudipto.

In: International Economic Review, Vol. 39, No. 3, 08.1998, p. 723-744.

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Bajaj, Mukesh ; Chan, Yuk-Shee ; Dasgupta, Sudipto. / The relationship between ownership, financing decisions and firm performance : a signaling model. In: International Economic Review. 1998 ; Vol. 39, No. 3. pp. 723-744.

Bibtex

@article{4eb874cc3b2f4c3083260e59a3659a4b,
title = "The relationship between ownership, financing decisions and firm performance: a signaling model",
abstract = "We develop a signaling model to show how adverse selection and moralhazard interact to determine a firm's ownership structure and financing andinvestment decisions endogenously. Testable implications are derived regardingthe relationship between insider ownership, performance measures such asTobin's Q ratio, and elements of financial structure such as the debt-equityratio.",
author = "Mukesh Bajaj and Yuk-Shee Chan and Sudipto Dasgupta",
year = "1998",
month = aug,
doi = "10.2307/2527397",
language = "English",
volume = "39",
pages = "723--744",
journal = "International Economic Review",
issn = "0020-6598",
publisher = "WILEY-BLACKWELL PUBLISHING, INC",
number = "3",

}

RIS

TY - JOUR

T1 - The relationship between ownership, financing decisions and firm performance

T2 - a signaling model

AU - Bajaj, Mukesh

AU - Chan, Yuk-Shee

AU - Dasgupta, Sudipto

PY - 1998/8

Y1 - 1998/8

N2 - We develop a signaling model to show how adverse selection and moralhazard interact to determine a firm's ownership structure and financing andinvestment decisions endogenously. Testable implications are derived regardingthe relationship between insider ownership, performance measures such asTobin's Q ratio, and elements of financial structure such as the debt-equityratio.

AB - We develop a signaling model to show how adverse selection and moralhazard interact to determine a firm's ownership structure and financing andinvestment decisions endogenously. Testable implications are derived regardingthe relationship between insider ownership, performance measures such asTobin's Q ratio, and elements of financial structure such as the debt-equityratio.

U2 - 10.2307/2527397

DO - 10.2307/2527397

M3 - Journal article

VL - 39

SP - 723

EP - 744

JO - International Economic Review

JF - International Economic Review

SN - 0020-6598

IS - 3

ER -