User menu

Were modern capital structure theories valid in Belgium before World War I?

Bibliographic reference Deloof, Marc ; Van Overfelt, Wouter. Were modern capital structure theories valid in Belgium before World War I?. In: Journal of Business Finance & Accounting, Vol. 35, no. 3/4, p. 491-515 (Avril 2008)
Permanent URL
  1. Francois A., Principes de Comptabilite des Societes par Actions a l'Usage des Administrateurs, Commissaires, Directeurs et Actionnaires de Societes (1901)
  2. HUANG Guihai, SONG Frank M., The determinants of capital structure: Evidence from China, 10.1016/j.chieco.2005.02.007
  3. J. M. Wautelet (1976 ), ‘Dynamique de l’Accumulation dans les Charbonnages Belges (1886-1914). Une approche par les bilans ’, Working Paper (CREHDIS).
  4. Baker Malcolm, Wurgler Jeffrey, Market Timing and Capital Structure, 10.1111/1540-6261.00414
  5. Baskin Jonathan Barron, Miranti Paul J. Jr, A History of Corporate Finance, ISBN:9780511665219, 10.1017/cbo9780511665219
  6. Beattie Vivien, Goodacre Alan, Thomson Sarah Jane, Corporate Financing Decisions: UK Survey Evidence, 10.1111/j.1468-5957.2006.00640.x
  7. Boot Arnoud W.A., Relationship Banking: What Do We Know?, 10.1006/jfin.2000.0282
  8. Booth James R, Deli Daniel N, On executives of financial institutions as outside directors, 10.1016/s0929-1199(99)00004-8
  9. Booth Laurence, Aivazian Varouj, Demirguc-Kunt Asli, Maksimovic Vojislav, Capital Structures in Developing Countries, 10.1111/0022-1082.00320
  10. M.D. Bordo, and C.M. Meissner (2005 ), ‘The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997 ’, Working Paper (National Bureau of Economic Research).
  11. Bradley Michael, Jarrell Gregg A., Kim E. Han, On the Existence of an Optimal Capital Structure: Theory and Evidence, 10.2307/2327950
  12. Brennan M. J., Schwartz E. S., Corporate Income Taxes, Valuation, and the Problem of Optimal Capital Structure, 10.1086/295987
  13. Brounen D., Financial Management, 33, 71 (2004)
  14. Byrd Daniel T., Mizruchi Mark S., Bankers on the board and the debt ratio of firms, 10.1016/j.jcorpfin.2003.09.002
  15. Cameron R.E., Banking in the Early Stages of Industrialization: A Study in Comparative Economic History (1967)
  16. Carosso V.P., Investment Banking in America : A History (1970)
  17. DeAngelo Harry, Masulis Ronald W., Optimal capital structure under corporate and personal taxation, 10.1016/0304-405x(80)90019-7
  18. A. De Jong, R. Kabir, and T.T. Nguyen (2006 ), ‘Capital Structure Around the World: The Roles of Firm- and Country-Specific Determinants ’, Working Paper (available at
  19. De Long B.J., Inside Business Entreprise: Historical Perspectives on the Use of Information (1991)
  20. De Visschere F.E., Het Belgische Belastingswezen en zijn Grondslagen (1935)
  21. M. Deloof, A. Roggeman, and W. Van Overfelt (2006 ), ‘Who's Afraid of Universal Banks? Universal Bank Affiliations and Corporate Dividend Policy in Pre-World War I Belgium ’, Working Paper (University of Antwerp).
  22. Diamond Douglas W., Financial Intermediation and Delegated Monitoring, 10.2307/2297430
  23. DITTMAR AMY, THAKOR ANJAN, Why Do Firms Issue Equity?, 10.1111/j.1540-6261.2007.01200.x
  24. Donaldson G., Corporate Debt Capacity (1961)
  25. Durviaux R., La Banque Mixte: Origine et Soutien de l’Expansion Economique de la Belgique (1947)
  26. Fama Eugene F., French Kenneth R., Testing Trade-Off and Pecking Order Predictions About Dividends and Debt, 10.1093/rfs/15.1.1
  27. J.P.H. Fan, S. Titman, and G. Twite (2006 ), ‘An International Comparison of Capital Structure and Debt Maturity Choices ’, Working Paper (Hong Kong University of Science and Technology).
  28. Fohlin C., Finance Capitalism and Germany's Rise to Industrial Power: Corporate Finance, Governance, and Performance from the 1840s to the Present (2006)
  29. Francois A., Inventaires et Bilans dans les Societes par Actions (1907)
  30. M.Z. Frank, and V.K. Goyal (2003 ), ‘Capital Structure Decisions ’, Working Paper (University of British Columbia).
  31. Franks J., Review of Finance, 10 (2006)
  32. C. Goodhart, and P. J. R. Delargy (1998 ), ‘Financial Crises: Plus ca Change, Plus C’Est la Meme Chose .’ Working Paper (London School of Economics).
  33. Graham John R, Harvey Campbell R, The theory and practice of corporate finance: evidence from the field, 10.1016/s0304-405x(01)00044-7
  34. Hall Graham C., Hutchinson Patrick J., Michaelas Nicos, Determinants of the Capital Structures of European SMEs, 10.1111/j.0306-686x.2004.00554.x
  35. M. Jagannathan, and S. Krishnamurthy (2004 ), ‘The Benefits of Investment Banker Directorships ’, Working Paper (Binghamton University).
  36. Janssens P., Drie Eeuwen Belgische Belastingen (1990)
  37. Jensen M.C., American Economic Review, 76, 323 (1986)
  38. Jensen Michael C., Meckling William H., Theory of the firm: Managerial behavior, agency costs and ownership structure, 10.1016/0304-405x(76)90026-x
  39. Korajczyk Robert A., Lucas Deborah J., McDonald Robert L., The Effect of Information Releases on the Pricing and Timing of Equity Issues, 10.1093/rfs/4.4.685
  40. Kroszner Randall S, Strahan Philip E, Bankers on boards:, 10.1016/s0304-405x(01)00082-4
  41. Kurgan-Van Hentenryk G., Finance and Financiers in European History, 1880-1960 (1991)
  42. A. Kurshev, and I.A. Strebulaev (2005 ), ‘Firm Size and Capital Structure ’, Working Paper (London Business School).
  43. Lucas Deborah J., McDonald Robert L., Equity Issues and Stock Price Dynamics, 10.2307/2328713
  44. Modigliani F., American Economic Review, 48, 261 (1958)
  45. A. Musacchio (2006 ), ‘Can Civil Law Countries Get Good Institutions? Creditor Rights and Bond Markets in Brazil (and the World), 1850-2003 ’, Working Paper (Harvard Business School).
  46. Myers Stewart C., Determinants of corporate borrowing, 10.1016/0304-405x(77)90015-0
  47. Myers Stewart C., Majluf Nicholas S., Corporate financing and investment decisions when firms have information that investors do not have, 10.1016/0304-405x(84)90023-0
  48. Petersen M.A., Review of Financial Studies (2007)
  49. Rajan Raghuram G., Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt, 10.2307/2328944
  50. Rajan Raghuram G., Zingales Luigi, What Do We Know about Capital Structure? Some Evidence from International Data, 10.2307/2329322
  51. Rajan Raghuram G, Zingales Luigi, The great reversals: the politics of financial development in the twentieth century, 10.1016/s0304-405x(03)00125-9
  52. Ramirez Carlos D., Did J. P. Morgan's Men Add Liquidity? Corporate Investment, Cash Flow, and Financial Structure at the Turn of the Twentieth Century, 10.2307/2329423
  53. Resteau C., Commentaire Legislatif de la Loi du 25 mai 1913 Portant Modifications aux Lois sur les Societes Anonymes (1913)
  54. Resteau C., Les Societes Anonymes devant les Lois Belges (1913)
  55. Strebulaev I.A., Journal of Finance (2007)
  56. Stulz R, Managerial discretion and optimal financing policies, 10.1016/0304-405x(90)90011-n
  57. Theate T., Les Societes Anonymes: Abus et Remedes (1905)
  58. Titman Sheridan, Wessels Roberto, The Determinants of Capital Structure Choice, 10.2307/2328319
  59. W. Van Overfelt, J. Annaert, M. De Ceuster, and M. Deloof (2006 ), ‘Do Universal Banks Create Value? Universal Bank Affiliation and Company Performance in Belgium, 1905-1909 ’, Working Paper (University of Antwerp).
  60. Welch Ivo, Capital Structure and Stock Returns, 10.1086/379933