Wongsurawat, Winai; Camino, David - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-28
This study provides a stage-level analysis of firm-scale pooled data of 16 Asian countries to classified income economy-based data for various firm- and country-specific predictors of leverage. Our analysis captures the selection impact of both micro- and macro-level determinants on capital...