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Dokumenttyp:
Zeitschriftenaufsatz 
Autor(en):
Reinartz, Sebastian J.; Schmid, Thomas 
Nicht-TUM Koautoren:
ja 
Kooperation:
international 
Titel:
Production Flexibility, Product Markets, and Capital Structure Decisions 
Abstract:
We examine how production flexibility affects financial leverage. A worldwide sample of energy utilities allows us to apply direct measures for production flexibility based on their power plants. We find that production flexibility increases financial leverage. For identification, we exploit privatizations and deregulations of electricity markets, geographical variations in natural resources, the technological evolution of gas-fired power plants, and differences in electricity prices and recapit...    »
 
Intellectual Contribution:
Discipline-based Research 
Zeitschriftentitel:
Review of Financial Studies 
Journal gelistet in FT50 Ranking:
Review of Financial Studies 
Jahr:
2016 
Band / Volume:
29 
Jahr / Monat:
2016-06 
Heft / Issue:
Seitenangaben Beitrag:
1501-1548 
Nachgewiesen in:
Scopus; Web of Science 
Volltext / DOI:
Key publication:
Ja 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
commissioned:
not commissioned 
Professional Journal:
Nein 
Interdisziplinarität:
Nein 
Leitbild:
Energy, Climate, Environment 
Ethics & Sustainability:
Ja