Capital Structure and Governance Mechanisms External to the Firm: A Cross-Country Analysis
This study investigates whether governance mechanisms external to the firm affect leverage using a sample of 7.490 companies from 40 countries. Our contribution is to separate mechanisms that protect minority shareholders from those that protect creditors rights. Our results show that companies issu...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2019-10-01
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| Series: | RAC: Revista de Administração Contemporânea |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1415-65552019000600765&lng=en&nrm=iso&tlng=pt |