Financial liberalization and firms' capital structure adjustments evidence from Southeast Asia and South America
This paper investigates the impact of financial liberalization on the adjustment of debt ratios in 12 emerging markets using firm-level data from 1991 to 2004. The results support the central hypothesis of this paper that adjustment costs are important in explaining firms' adjustment toward the...
| Published in: | Journal of Economics and Finance |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Springer Science and Business Media, LLC
2013
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84871713217&doi=10.1007%2fs12197-010-9158-3&partnerID=40&md5=58ffcf068db4b9192e21849405e33df4 |