How to cite this paper
Saleth, J & Aalizadeh, A. (2017). The role of the hierarchical theory in explaining the capital structure of the firms based on enterprise life cycle model.Accounting, 3(1), 47-52.
Refrences
Aharony, J., Falk, H., & Yehuda, N. (2006). Corporate life cycle and the relative value-relevance of cash flow versus accrual financial information.2003-07-15)[2008-08-30]. http://Www. Bus. Brocku. Ca/Faculty/Documents/Corporate-Life-Cycle.Pdf.
Antoniou, A., Guney, Y., & Paudyal, K. (2008). The determinants of capital structure: capital market-oriented versus bank-oriented institutions. Journal of financial and quantitative analysis, 43(01), 59-92.
Ball, R., Gerakos, J., Linnainmaa, J. T., & Nikolaev, V. V. (2015). Accruals, cash flows, and operating profitability in the cross section of stock returns.Chicago Booth Research Paper, (15-12).
Bowen, R. M., Daley, L. A., & Huber Jr, C. C. (1982). Evidence on the existence and determinants of inter-industry differences in leverage.Financial Management, 11(4), 10-20.
Bradley, M., Jarrell, G. A., & Kim, E. (1984). On the existence of an optimal capital structure: Theory and evidence. The Journal of Finance, 39(3), 857-878.
Chen, J. J. (2004). Determinants of capital structure of Chinese-listed companies. Journal of Business research, 57(12), 1341-1351.
Chen, X., Sun, Y., & Xiaodong, X. U. (2015). Free Cash Flow, Over-Investment and Corporate Governance in China. Pacific-Basin Finance Journal, 37, 81-103.
Degryse, H., de Goeij, P., & Kappert, P. (2012). The impact of firm and industry characteristics on small firms’ capital structure. Small Business Economics, 38(4), 431-447.
Keefe, M. O. C., & Yaghoubi, M. (2016). The influence of cash flow volatility on capital structure and the use of debt of different maturities. Journal of Corporate Finance, 38, 18-36.
Jensen, M. C. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review,76(2), 323-329.
Namazi, M., Shokrolahi, A., & Maharluie, M. S. (2015). Detecting and ranking cash flow risk factors via artificial neural networks technique. Journal of Business Research, 69(5), 1801-1806
Park, Y., & Chen, K. H. (2006). The effect of accounting conservatism and life-cycle stages on firm valuation. Journal of Applied Business Research (JABR), 22(3), 75-92.
Antoniou, A., Guney, Y., & Paudyal, K. (2008). The determinants of capital structure: capital market-oriented versus bank-oriented institutions. Journal of financial and quantitative analysis, 43(01), 59-92.
Ball, R., Gerakos, J., Linnainmaa, J. T., & Nikolaev, V. V. (2015). Accruals, cash flows, and operating profitability in the cross section of stock returns.Chicago Booth Research Paper, (15-12).
Bowen, R. M., Daley, L. A., & Huber Jr, C. C. (1982). Evidence on the existence and determinants of inter-industry differences in leverage.Financial Management, 11(4), 10-20.
Bradley, M., Jarrell, G. A., & Kim, E. (1984). On the existence of an optimal capital structure: Theory and evidence. The Journal of Finance, 39(3), 857-878.
Chen, J. J. (2004). Determinants of capital structure of Chinese-listed companies. Journal of Business research, 57(12), 1341-1351.
Chen, X., Sun, Y., & Xiaodong, X. U. (2015). Free Cash Flow, Over-Investment and Corporate Governance in China. Pacific-Basin Finance Journal, 37, 81-103.
Degryse, H., de Goeij, P., & Kappert, P. (2012). The impact of firm and industry characteristics on small firms’ capital structure. Small Business Economics, 38(4), 431-447.
Keefe, M. O. C., & Yaghoubi, M. (2016). The influence of cash flow volatility on capital structure and the use of debt of different maturities. Journal of Corporate Finance, 38, 18-36.
Jensen, M. C. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review,76(2), 323-329.
Namazi, M., Shokrolahi, A., & Maharluie, M. S. (2015). Detecting and ranking cash flow risk factors via artificial neural networks technique. Journal of Business Research, 69(5), 1801-1806
Park, Y., & Chen, K. H. (2006). The effect of accounting conservatism and life-cycle stages on firm valuation. Journal of Applied Business Research (JABR), 22(3), 75-92.