The Zero-leverage Puzzle : Evidence from Sweden
This study investigates why some firms have no debt in their capital structure despite the potential benefits of leverage. A logistic regression analysis is used to examine the impact of firm-specific characteristics on a firm’s propensity to have zero leverage. The validity of five theoretical expl...
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| Format: | Others |
| Language: | English |
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Uppsala universitet, Företagsekonomiska institutionen
2021
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| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-450351 |