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Persistent link: https://www.econbiz.de/10011948447
When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012867859
When larger market values of equity result in being subject to costly regulation, firms have incentives to shift their sources of financing toward debt and away from equity. We use the Sarbanes-Oxley Act of 2002 (SOX) as a setting to provide evidence of such incentives. Smaller firms were...
Persistent link: https://www.econbiz.de/10012855940
Persistent link: https://www.econbiz.de/10012257847