Rashid, Abdul - In: Managerial Finance 40 (2014), pp. 97-116
risk on firms' debt versus equity choices. Design/methodolgy/approach - The paper uses a firm-level panel data covering the …. Findings – The results suggest that firms considerably take into account both firm-specific and economic risk when making … that firms are more (less) likely to do external financing when firm-specific (macroeconomic) risk is high. The results of …