Culture's influences: An investigation of inter-country differences in capital structure

Employing firm-level observations from 13 countries over a seven year period, and controlling for an extensive set of firm-level characteristics, industry effects and country-level institutional variables, we provide a conceptual framework and empirical analysis of how culture influences capital str...

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Bibliographic Details
Main Authors: Ciaran Mac an Bhaird, Brian Lucey
Format: Article
Language:English
Published: Elsevier 2014-03-01
Series:Borsa Istanbul Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845013000094