Schatzberg, John D.; Weeks, David - In: Journal of Business Finance & Accounting 31 (2004-11) 9-10, pp. 1483-1503
<heading id="h1" level="3" format="inline" implicit="no">Abstract: </heading>We examine the marginal choice between debt and equity securities using a factor analytic approach. This data reduction property eliminates the need to select the one best variable to proxy for a particular theoretical construct. Our results reinforce numerous existing findings using...