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This paper studies the impact of corporate headquarters location on capital structure policies. We show that firms … exhibit conformity in their financing policies to those of geographically proximate firms, and that the location of corporate … headquarters helps explain the cross-sectional variation of capital structure in the United States. The location effect is robust …
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Small and medium enterprises (SMEs) represent a large percentage of the corporate tissue of developed countries, but they do not have adequate attention. In fact, various researchers have focused their studies on larger and well-known companies. This paper aims to investigate the impact of...
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