Article ID Journal Published Year Pages File Type
5092274 Journal of Comparative Economics 2013 15 Pages PDF
Abstract
► Country-specific factors explain most of the variation in leverage for small unlisted firms. ► Firm-specific factors explain most of the variation in leverage for listed and large unlisted firms. ► The results are robust for the leverage measure used for listed firms but not for unlisted firms.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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