1,394
Views
33
CrossRef citations to date
0
Altmetric
Original Articles

Corporate governance and capital structure in developing countries: a case study of Bangladesh

, &
Pages 673-681 | Published online: 16 Jun 2009

References

  • Black , BS , Jang , H and Kim , W . 2005 . Does corporate governance predict firms’ market value? Evidence from Korea , Finance Working Paper No. 85/2005 European Corporate Governance Institute .
  • Caprio Jr , G and Levine , R . 2002 . “ Corporate governance and finance: concepts and international observations ” . In Building the Pillars of Financial Sector Governance: The Roles of the Private and Public Sectors , Edited by: Litan , RE , Pomerleano , M and Sundararajan , V . 17 – 50 . Washington, DC : Brookings Institution Press .
  • Chen , Y and Hu , S-Y . 2007 . The controlling shareholder's personal leverage and firm performance . Applied Economics , 39 : 1059 – 75 .
  • Chowdhury , AAMU . 2004 . Capital structure determinants: evidence from Japan and Bangladesh . Dhaka University Journal of Business Studies , 25 : 17 – 55 .
  • Drobetz , W , Schillhofer , A and Zimmermann , H . 2004 . Corporate governance and expected stock returns: evidence from Germany . European Financial Management , 10 : 267 – 93 .
  • Du , J and Dai , Y . 2005 . Ultimate corporate ownership structures and capital structures: evidence from East Asian economies . Corporate Governance: An International Journal , 13 : 60 – 71 .
  • Fama , E and Jensen , M . 1983 . Agency problem and residual claims . Journal of Law and Economics , 26 : 327 – 49 .
  • Fama , EF and Miller , MH . 1972 . The Theory of Finance , xvi+346 New York : Holt, Rinehart, Winston .
  • Gompers , PA , Ishii , J and Metrick , A . 2003 . Corporate governance and equity prices . Quarterly Journal of Economics , 118 : 107 – 55 .
  • Grossman , SJ and Hart , O . 1982 . “ Corporate financial structure and managerial incentives ” . In The Economics of Information and Uncertainty , Edited by: McCall , J . 107 – 40 . Chicago : University of Chicago Press .
  • Harris , M and Raviv , A . 1991 . The theory of capital structure . Journal of Finance , 46 : 297 – 355 .
  • Iturriaga , FJL . 2005 . Debt ownership structure and legal system: an international analysis . Applied Economics , 37 : 355 – 65 .
  • Jensen , MC . 1986 . Agency costs of free cash flow, corporate finance and takeovers . AEA Papers and Proceedings , 76 : 323 – 29 .
  • Jensen , MC and Meckling , W . 1976 . Theory of the firm: managerial behaviour, agency costs and ownership structure . Journal of Financial Economics , 3 : 305 – 60 .
  • Jiraporn , P and Gleason , KC . 2005 . Capital structure shareholder rights, and corporate governance. Available at http://ssrn.com/abstract=792604 (accessed 27 December 2005)
  • Klapper , LF and Love , I . 2004 . Corporate governance, investor protection, and performance in emerging markets . Journal of Corporate Finance , 10 : 703 – 28 .
  • Kumar , J . 2005 . Corporate governance mechanisms and firm financing in India in The International Conference on ‘Emerging Securities Market: Challenges and Prospects’, Jointly organised by the Securities Exchange Board of India (SEBI) and the ICFAI University, Mumbai
  • La Porta , L , Lopez-de-Silanes , F , Shleifer , A and Vishny , R . 1997 . Legal determinants of external finance . Journal of Finance , 52 : 1131 – 50 .
  • Myers , S . 1977 . Determinants of corporate borrowing . Journal of Financial Economics , 5 : 147 – 76 .
  • Rajan , RG and Zingales , L . 1995 . What do we know about capital structure? Some evidence from international data . Journal of Finance , 50 : 1421 – 60 .
  • Rozeff , M . 1982 . Growth, beta, and agency costs as determinants of dividend payout ratios . Journal of Financial Research , 5 : 249 – 59 .
  • Semenov , R . 2006 . Financial systems, financing constraints and investment: empirical analysis of OECD countries . Applied Economics , 38 : 1963 – 74 .
  • Shleifer , A and Vishny , RW . 1997 . A survey of corporate governance . The Journal of Finance , 52 : 737 – 83 .
  • Singh , A . 2003 . Corporate governance corporate finance and stock markets in emerging countries, Working Paper No. 258, ESRC Centre for Business Research, University of Cambridge, UK
  • Singh , M and Faircloth , S . 2005 . The impact of corporate debt on long term investment and firm performance . Applied Economics , 37 : 875 – 83 .
  • Sobhan , F and Werner , W . 2003 . A comparative analysis of corporate governance in South Asia: charting a roadmap for Bangladesh Bangladesh Enterprise Institute, Dhaka, Bangladesh
  • Suto , M . 2003 . Capital structure and investment behaviour of Malaysian firms in the 1990s: a study of corporate governance before the crisis . Corporate Governance: An International Review , 11 : 25 – 39 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.