Davydov, Denis; Nikkinen, Jussi; Vähämaa, Sami - In: Emerging Markets Review 20 (2014) C, pp. 136-151
This paper examines the association between firm valuation and the sources of debt financing. In particular, using a sample of 353 firms, we test whether the decision to issue bonds affects the firm's stock market performance in the emerging Russian markets. Our results indicate that public debt...