Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5083778 | International Review of Economics & Finance | 2012 | 14 Pages |
Abstract
⺠We examine how capital structure is influenced by corporate governance quality. ⺠We show inverse relation between leverage and governance quality. ⺠Leverage substitutes for corporate governance in alleviating agency conflicts. ⺠Quality of corporate governance has material impact on capital structure decisions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pornsit Jiraporn, Jang-Chul Kim, Young Sang Kim, Pattanaporn Kitsabunnarat,