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private firms. During the credit boom in 2009 and 2010, the large and state-owned firms increase leverage ratios by 2.26% and …
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A J-SC can raise capital either by issuing equity in the form of preference or ordinary shares or by issuing bonds as debt capital. In case of issuing bonds, a company undertakes to pay interest on the par value of the bonds and to redeem the bonds upon their maturity. Share issuance is...
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