Capital structure decisions along the supply chain: Evidence from import competition

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dc.contributor.authorHuang, Qianqianko
dc.contributor.authorKim, Ryoonheeko
dc.date.accessioned2020-08-21T08:55:05Z-
dc.date.available2020-08-21T08:55:05Z-
dc.date.created2020-08-21-
dc.date.issued2019-08-
dc.identifier.citationJOURNAL OF INTERNATIONAL BUSINESS STUDIES, v.50, no.6, pp.873 - 894-
dc.identifier.issn0047-2506-
dc.identifier.urihttp://hdl.handle.net/10203/275918-
dc.description.abstractThis paper studies the spillover effect of import competition in downstream industries on upstream capital structure. We find that a large reduction in import tariffs in a customer industry induces suppliers to choose more conservative financial policies. We show that firms lower their leverage more when the customer-supplier relationship is more valuable to the firms and when firms are more vulnerable to the downstream shock. Finally, firms adjust their leverage mainly by issuing more equity.-
dc.languageEnglish-
dc.publisherPALGRAVE MACMILLAN LTD-
dc.titleCapital structure decisions along the supply chain: Evidence from import competition-
dc.typeArticle-
dc.identifier.wosid000477019700002-
dc.identifier.scopusid2-s2.0-85062606066-
dc.type.rimsART-
dc.citation.volume50-
dc.citation.issue6-
dc.citation.beginningpage873-
dc.citation.endingpage894-
dc.citation.publicationnameJOURNAL OF INTERNATIONAL BUSINESS STUDIES-
dc.identifier.doi10.1057/s41267-019-00225-9-
dc.contributor.localauthorKim, Ryoonhee-
dc.contributor.nonIdAuthorHuang, Qianqian-
dc.description.isOpenAccessN-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorglobalization-
dc.subject.keywordAuthorimport competition-
dc.subject.keywordAuthorcapital structure-
dc.subject.keywordAuthorcustomer-supplier links-
dc.subject.keywordPlusTRADE LIBERALIZATION-
dc.subject.keywordPlusDEBT-
dc.subject.keywordPlusBANKRUPTCY-
dc.subject.keywordPlusFIRM-
dc.subject.keywordPlusSURVIVAL-
dc.subject.keywordPlusCOSTS-
dc.subject.keywordPlusPROFITABILITY-
dc.subject.keywordPlusDETERMINANTS-
dc.subject.keywordPlusCUSTOMER-
dc.subject.keywordPlusMERGERS-
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