What Do We Know about Capital Structure? Some Evidence from International Data
Abstract
We investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. We find that factors identified by previous studies as important in determining the cross- section of capital structure in the U.S. affect firm leverage in other countries as well. However, a deeper examination of...
Paper Details
Title
What Do We Know about Capital Structure? Some Evidence from International Data
Published Date
Dec 1, 1995
Journal
Volume
50
Issue
5
Pages
1421 - 1421
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