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Purpose – The purpose of this paper is to study the capital structure of firms when controlling shareholders decide on the level of debt financing in an environment with poor legal protection. Design/methodology/approach – Theoretically this paper uses a dynamic model to analyze how the...
Persistent link: https://www.econbiz.de/10014694460
Purpose–The purpose of this paper is to study the capital structure of firms when controlling shareholders decide on the level of debt financing in an environment with poor legal protection. Design/methodology/approach–Theoretically this paper uses a dynamic model to analyze how the...
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