In this paper, we study the effect of political uncertainty on the choice of debt source. Specifically, we examine whether national elections, which aggravates information asymmetry leads to a high degree of reliance on bank debt. Our results show that firms substitute away from public debt...

We examine which factors affect the decision of analysts to follow newly privatized firms as well as the factors that determine the extent of that following. Contrary to traditional private firms, privatized firms harbor particular uncertainties related to the government's commitment toward...