Morais, Flávio; Serrasqueiro, Zélia; Ramalho, Joaquim J.S. - In: Corporate Governance: The International Journal of … 22 (2021) 1, pp. 67-88
Purpose: The purpose of this paper is to investigate whether the effect of country and corporate governance mechanisms on zero leverage is heterogeneous across market- and bank-based financial systems. Design/methodology/approach: Using logit regression methods and a sample of listed firms from...