Corporate Leverage, Constraints, and Compliance
The first chapter evaluates the zero-leverage effect on firms' financial constraints. Moreover, using investment- and cash-to-cash-flow sensitivities as financial constraint indicators, the results suggest that unleveraged firms are expected to face lower constraints relative to leveraged firms...
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| Format: | Others |
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ScholarWorks@UNO
2019
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| Online Access: | https://scholarworks.uno.edu/td/2660 https://scholarworks.uno.edu/cgi/viewcontent.cgi?article=3828&context=td |