Capital Structure and Output Pricing in a Developing Country
Опубликовано на портале: 21-06-2006
Economics Letters.
2003.
Vol. 78.
No. 1.
P. 109-115.
Тематические разделы:
This paper uses the industry-level data to investigate the effects of corporate debt
on output pricing in a typical developing country. The panel estimations on the major
two-digit industries reveal two basic findings. First, short-term debt leads to an
increase in output prices while long-term debt has the opposite effect. Second, short-term
debt but not long-term debt is found to have cyclical effects on prices.
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