Capital structure is one of the important research aspects of corporate finance. According to methodology, the capital structure research can be classified into two categories： the paradigm of uni-corporation and the...Capital structure is one of the important research aspects of corporate finance. According to methodology, the capital structure research can be classified into two categories： the paradigm of uni-corporation and the paradigm of industry organization. Traditional capital structure research can be attribute to uni-corporation aspect. This paper reviews all literatures concerning the paradigm of industry organization and illustrates the inter-relationship among the feature of industry, the feature of suppliers and customers, the competitive strategy, product life cycle and capital structure.展开更多
文摘Capital structure is one of the important research aspects of corporate finance. According to methodology, the capital structure research can be classified into two categories： the paradigm of uni-corporation and the paradigm of industry organization. Traditional capital structure research can be attribute to uni-corporation aspect. This paper reviews all literatures concerning the paradigm of industry organization and illustrates the inter-relationship among the feature of industry, the feature of suppliers and customers, the competitive strategy, product life cycle and capital structure.
