The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.
Buyer–Supplier Relationships and the Stakeholder Theory of Capital Structure
Open accessAbstract
Firms in bilateral relationships are likely to produce or procure unique products—especially when they are in durable goods industries. Consistent with the arguments of Titman and Titman and Wessels, such firms are likely to maintain lower leverage. We compile a database of firms' principal customers (those that account for at least 10% of sales or are otherwise considered important for business) from the Business Information File of Compustat and find results consistent with the predictions of this theory.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Arellano, M., & Bond, S. (1991) · The Review of Economic Studies · doi:10.2307/2297968 · Cited by 33,272
The Determinants of Capital Structure Choice
TITMAN, S., & WESSELS, R. (1988) · The Journal of Finance · doi:10.1111/j.1540-6261.1988.tb02585.x · Cited by 6,112
Estimation and Inference in Econometrics.
Chambers, M. J., Davidson, R., & MacKinnon, J. G. (1994) · The Economic Journal · doi:10.2307/2234656 · Cited by 5,413
Testing the pecking order theory of capital structure
Frank, M. Z., & Goyal, V. K. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(02)00252-0 · Cited by 2,633
Estimation and Inference in Econometrics.
Levin, A., Davidson, R., & MacKinnon, J. G. (1994) · Journal of the American Statistical Association · doi:10.2307/2290953 · Cited by 2,396
Estimation of Dynamic Models with Error Components
Anderson, T. W., & Hsiao, C. (1981) · Journal of the American Statistical Association · doi:10.1080/01621459.1981.10477691 · Cited by 2,281
Financial Distress and Corporate Performance
OPLER, T. C., & TITMAN, S. (1994) · The Journal of Finance · doi:10.1111/j.1540-6261.1994.tb00086.x · Cited by 1,664
The effect of capital structure on a firm's liquidation decision
Titman, S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90035-7 · Cited by 1,500
Do Firms Rebalance Their Capital Structures?
LEARY, M. T., & ROBERTS, M. R. (2005) · The Journal of Finance · doi:10.1111/j.1540-6261.2005.00811.x · Cited by 1,489
Long-Term Manufacturer-Supplier Relationships: Do They Pay off for Supplier Firms?
Kalwani, M. U., & Narayandas, N. (1995) · Journal of Marketing · doi:10.1177/002224299505900101 · Cited by 1,476
Cited by
A Review of Empirical Capital Structure Research and Directions for the Future
Graham, J. R., & Leary, M. T. (2011) · Annual Review of Financial Economics · doi:10.1146/annurev-financial-102710-144821 · Cited by 547
Corporate suppliers and customers and accounting conservatism
Hui, K. W., Klasa, S., & Yeung, P. E. (2012) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2011.11.007 · Cited by 458
Customer–supplier relationships and corporate tax avoidance
Cen, L., Maydew, E. L., Zhang, L., & Zuo, L. (2017) · Journal of Financial Economics · doi:10.1016/j.jfineco.2016.09.009 · Cited by 438
The Effects of Common Ownership on Customer-Supplier Relationships
Freeman, K. (2016) · SSRN Electronic Journal · doi:10.2139/ssrn.2873199 · Cited by 29
Metadata
- Authors
- BANERJEE, S., DASGUPTA, S., & KIM, Y.
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 2008-09-10
- Volume
- 63
- Issue
- 5
- Pages
- 2507-2552
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2529548248
- Cited by
- 631
- References
- 32
- FWCI
- 30.71
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Buyer–Supplier Relationships and the Stakeholder Theory of Capital Structure. https://app.cochat.ai/papers/10.1111/j.1540-6261.2008.01403.x
- The paper
- BANERJEE, S., DASGUPTA, S., & KIM, Y. (2008). Buyer–Supplier Relationships and the Stakeholder Theory of Capital Structure. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2008.01403.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.