This article aims to analyze the phenomenon of financial conservatism in firms' capital structures and relate it to their employment variation for a sample of Spanish companies during the 2007 - 2010 period. Financial conservatism consists of a low-leverage/high cash no-short-term capital...

This article aims to analyze the phenomenon of financial conservatism in firms’ capital structures and relate it to their employment variation for a sample of Spanish companies during the 2007 - 2010 period. Financial conservatism consists of a low-leverage/high cash no-short-term capital...