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We analyze the importance of firm-specific and country-specific factors in the leverage choice of firms from 42 countries around the world. Our analysis yields two new results. First, we find that firm-specific determinants of leverage differ across countries, while prior studies implicitly...
Persistent link: https://www.econbiz.de/10005288578
We analyze the importance of firm-specific and country-specific factors in the leverage choice of firms from 42 countries around the world. Our analysis yields two new results. First, we find that firm-specific determinants of leverage differ across countries, while prior studies implicitly...
Persistent link: https://www.econbiz.de/10010731306
We hypothesize that if the cultural characteristics of a region are important, then firms located in Protestant- and Catholic-majority counties within the U.S. will have different attitude toward leverage. We find that a 1% increase in a county's Protestant religiosity leads to a 0.4% lower...
Persistent link: https://www.econbiz.de/10010753098
Persistent link: https://www.econbiz.de/10004620163
Purpose - The study aims to investigate the role of institutions, macroeconomic conditions, industry and firm characteristics on firm's capital structure decision within the context of nine African countries. Design/methodology/approach – A sample of 986 firms over the period 1999-2008 were...
Persistent link: https://www.econbiz.de/10010746904
We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...
Persistent link: https://www.econbiz.de/10011130191
Persistent link: https://www.econbiz.de/10004062767
environments such as culture, race and religion. The growing interest ininvestigating the relation between psychographics and … to ensure certainty of profitability. This is especially relevantin the modern market where “crossing culture” (Davies … groups of diverse culture and religious background, i.e. the Malays andthe Chinese, within a single Malaysian community. The …
Persistent link: https://www.econbiz.de/10009440942
stickiness of democracy depends on a combination of causal factors, including underlying political culture (Boettke et al …
Persistent link: https://www.econbiz.de/10010987933
This study examines the role of both religion and culture [as measured by the cultural clusters of countries in the … GLOBE study of House et al. (Culture, Leadership, and Organizations: The GLOBE Study of 62 Societies, <CitationRef …, relative to the Protestant Christian religion, the non-Protestant Christian religion, the Islamic religion, and Other Religion …
Persistent link: https://www.econbiz.de/10010989770