Fattouh, Bassam; Scaramozzino, Pasquale; Hariss, Laurence - Royal Economic Society - RES - 2002
This paper analyzes capital structure in South Korea from 1991 until 1999. The paper makes use of quantile regression methods to explore the changing distribution of debt-capital ratios across firms and over time. We find clear evidence of heterogeneity in the capital structure of firms. There...