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...

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Bibliographic Details
Published in:Journal of Economics and Finance
Main Author: Ameer R.
Format: Article
Language:English
Published: Springer Science and Business Media, LLC 2013
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

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