Cheng, Ming-Chang; Tzeng, Zuwei-Ching - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 01, pp. 1450004-1
Using the financial data from 645 companies that were listed in the Taiwan Stock Exchange (TSE) between 2000 and 2009, this paper applied a least square dummy variable (LSDV) model to estimate the effect of leverage on firm market values and examine how contextual variables influence this...