Kuo, Hsien-Chang; Wang, Lie-Huey; Liu, Hui-Wen - In: Review of Economics & Finance 2 (2012) August, pp. 43-58
This study examines the effects of corporate governance on capital structure, using the data of 145 small and medium-sized enterprises (SMEs) listed on the Taiwan Stock Exchange over the period 2000-2007. The results show that, when there is a high divergence between shareholdings and director...