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Corporate financial structure under inflation and financial repression: A comparative study of North American and emerging markets firms

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  • Cebenoyan, A. Sinan
  • Fischer, Klaus P.
  • Papaioannou, George J.

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  • Cebenoyan, A. Sinan & Fischer, Klaus P. & Papaioannou, George J., 1995. "Corporate financial structure under inflation and financial repression: A comparative study of North American and emerging markets firms," Global Finance Journal, Elsevier, vol. 6(1), pages 25-45.
    • Handle: RePEc:eee:glofin:v:6:y:1995:i:1:p:25-45
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    1. Jaffee, Dwight M & Modigliani, Franco, 1969. "A Theory and Test of Credit Rationing," American Economic Review, American Economic Association, vol. 59(5), pages 850-872, December.
    2. Hardouvelis, Gikas A., 1988. "Economic news, exchange rates and interest rates," Journal of International Money and Finance, Elsevier, vol. 7(1), pages 23-35, March.
    3. Mario Monti & Angelo Porta & Paul Grauwe, 1981. "Bank Intermediation under Flexible Deposit Rates and Controlled Credit Allocation: the Italian Experience," Palgrave Macmillan Books, in: Albert Verheirstraeten (ed.), Competition and Regulation in Financial Markets, chapter 6, pages 117-156, Palgrave Macmillan.
    4. Jaime de Melo & James Tybout, 2015. "The Effects of Financial Liberalization on Savings and Investment in Uruguay," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 3, pages 55-81, World Scientific Publishing Co. Pte. Ltd..
    5. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    6. Harris, Milton & Raviv, Artur, 1991. "The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
    7. David K Eiteman, 1970. "Financial Policies of Manufacturing Firms During Inflation and Revolution—the Argentine Case*," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 1(2), pages 1-13, June.
    8. Sealey, C W, Jr, 1979. "Credit Rationing in the Commercial Loan Market: Estimates of a Structural Model under Conditions of Disequilibrium," Journal of Finance, American Finance Association, vol. 34(3), pages 689-702, June.
    9. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    10. Titman, Sheridan & Wessels, Roberto, 1988. " The Determinants of Capital Structure Choice," Journal of Finance, American Finance Association, vol. 43(1), pages 1-19, March.
    11. DeAngelo, Harry & Masulis, Ronald W., 1980. "Optimal capital structure under corporate and personal taxation," Journal of Financial Economics, Elsevier, vol. 8(1), pages 3-29, March.
    12. Bolnick, Bruce R, 1987. "Financial Liberalization with Imperfect Markets: Indonesia during the 1970s," Economic Development and Cultural Change, University of Chicago Press, vol. 35(3), pages 581-599, April.
    13. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    14. Fry, Maxwell J., 1982. "Models of financially repressed developing economies," World Development, Elsevier, vol. 10(9), pages 731-750, September.
    15. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-275, May.
    16. Tybout, James R, 1984. "Interest Control and Credit Allocation in Developing Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 474-487, November.
    17. Randall Pozdena, 1987. "Tax policy and corporate capital structure," Economic Review, Federal Reserve Bank of San Francisco, issue Fall, pages 37-51.
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    Cited by:

    1. Bülent Köksal & Cüneyt Orman, 2015. "Determinants of capital structure: evidence from a major developing economy," Small Business Economics, Springer, vol. 44(2), pages 255-282, February.

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