Nguyen Le Hoa Tuyet; Le Tan Nghiem; Le Khuong Ninh - In: Asian Academy of Management journal 29 (2024) 2, pp. 65-90
This paper examines the moderating effect of competition on the relationship between financial leverage and firm … estimates both the leverage-performance relation and the dependence of this nexus on market competition. The two-step system … model estimation. The findings reveal a negative leverage-performance nexus, and increased competition hurts this …