There is tremendous interest, in the economic literature, for the determinants of firms' capital structure decisions. A rich body of empirical works now exists that purports to identify firm- and country-level factors affecting firms' financing patterns. In addition, more recently, a new stream...

There is tremendous interest, in the economic literature, for the determinants of firms’ capital structure decisions. A rich body of empirical works now exists that purports to identify firm- and country-level factors affecting firms’ financing patterns. In addition, more recently, a new...