Firm- and country-level determinants of corporate leverage: Some new international evidence

This research analyzes the determinants of capital structure across 37 countries. Institutional arrangements matter for capital structure decisions; however, firm-level covariates drive two-thirds of the variation in capital structure across countries, while the country-level covariates explain the...

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Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Netherlands), 2011-12, Vol.17 (5), p.1457-1474
Hauptverfasser:	Gungoraydinoglu, Ali, Öztekin, Özde
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital structure Correlation analysis Dynamic capital structure Dynamic capital structure International Institutions Trade-off Pecking-order Institutions International Leverage Manycountries Pecking-order Studies Trade-off
Online-Zugang:	Volltext
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