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-level data. We find that imports and inward foreign direct investment (FDI) have varying effects on a firm's leverage, indicating …
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Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry, however, this evidence contradict the prediction of pecking order hypothesis. Although debt capacity constraints offer some explanation for this discrepancy, it fails to...
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The purpose of this study was to identify key institutional factors in the country and in a company, and its mathematical relationship by incorporating debt, by forming the capital structure of the electronics industry in Jalisco and its discrepancies with the service sector, trade, processing,...
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corporate investment using data from manufacturing firms in China, Japan and the United States. We find that firms that use more … productivity of the capital invested and that this effect is partly mediated by the investment of the manufacturing firms. This … paper shades light into the present understanding of how companies use debt financing decisions to boost their investment …
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