Hyytinen, Ari (contributor); Pajarinen, Mika (contributor) - 2004 - [Elektronische Ressource]
, FCDEBT and FCASSETS = 0.
7
Other control variables include SALES = net sales of the firm in million of
euros, SME = 1 … better control for observable time-
varying heterogeneity, we add a set of new regressors (SALES, SME, DEFAULT,
AUDIT … statistically significant negative effect on FCDEBT but
not on FCASSETS. Finally, the SME dummy obtains a positive but …