Эксоцман
на главную поиск contacts

Capital Structures in Developing Countries

Опубликовано на портале: 21-06-2006
Journal of Finance. 2001.  Vol. 56. No. 1. P. 87-131. 
This study uses a new data set to assess whether capital structure theory is portable across countries with different institutional structures. We analyze capital structure choices of firms in 10 developing countries, and provide evidence that these decisions are affected by the same variables as in developed countries. However, there are persistent differences across countries, indicating that specific country factors are at work. Our findings suggest that although some of the insights from modern finance theory are portable across countries, much remains to be done to understand the impact of different institutional features on capital structure choices.
BiBTeX
RIS
Ключевые слова

См. также:
Raj Aggarwal
ASEAN Economic Bulletin. 1990.  Vol. 7. No. 1. P. 39-54. 
[Статья]
Saumitra N. Bhaduri
Applied Financial Economy. 2002.  Vol. 12. No. 9. P. 655-665. 
[Статья]
Milton Harris, Artur Raviv
Journal of Finance. 1991.  Vol. 46. No. 1. P. 297-355. 
[Статья]
Shenghui Tong, Ning Yixi
Journal of Investing. 2004.  Vol. 13. No. 4. P. 53-66. 
[Статья]
Roberto Wessels, Sheridan Titman
Journal of Finance. 1988.  Vol. 43. No. 1. P. 1-20. 
[Статья]
Robert Goldstein, Nengju Ju, Hayne E. Leland
Journal of Business. 2001.  Vol. 74. No. 4. P. 483-513. 
[Статья]
Michael J. Barclay, Clifford W. Smith
Journal of Finance. 1995.  Vol. 50. No. 2. P. 609-631. 
[Статья]