Ho, Kelvin; Hui, Cho-Hoi; Li, Ka-Fai; Wong, Jim - Hong Kong Institute for Monetary Research (HKIMR), … - 2015
The large presence of global banks in Hong Kong offers a well suited empirical setting to study the capital management of foreign bank subsidiaries from a host country perspective. Specifically, this paper uses the trade-off theory of leverage to investigate whether the leverage dynamics of...