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Firm's Capital Structure and Factor-Product Markets: A Theoretical OverviewAbdulaziz IstaitiehUniversity of Valladolid - Department of Economics and Business Administration José Miguel Rodríguez FernándezUniversity of Valladolid - Department of Finance and Accounting 2003 Abstract: The objective of this work is to offer a theoretical overview of the literature that links capital structure and factor-product markets, in order to show what we do know about these connections. This literature relates some elements of the modern financial theory to the stakeholder theory, industrial organization, and firm's strategic management. Three main points could be highlighted. First, the relevant role of non-financial stakeholders in capital structure design. Second, the interactions existing between capital structure and market structure. Third, the two-direction effect between the firm's capital structure and its strategic behavior in product markets.
Number of Pages in PDF File: 38 Keywords: Capital structure, factor-product markets, stakeholder theory, market structure, strategic behavior JEL Classification: G32, L11 working papers seriesDate posted: December 20, 2003Suggested CitationContact Information
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