Rahman, Syed Md. Khaled - In: International Journal of Corporate Finance and … 4 (2017) 2, pp. 41-58
companies. Domestic companies' MV/BV decreases by 0.016 times for 1% increase of debt ratio while MNCs' MV/BV decreases by 0 ….048 times for 1% increase of debt-equity ratio and vice-versa. With debt-equity ratio, domestic companies' Tobin's Q is …
