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Business
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Number of pages / Number of words: |
6 / 1588 |
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[Demirguc-Kunt and Maksimovic, 1999] came up with a different concept of comparing capital structure of firms in developed and developing countries. They suggested that institutional differences between such countries show a huge variation in long-term debt. Latest researches by [Graham and Harvey, 2001], [Bancel and Mittoo, 2004] and [Brounen, et al...
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This article basically emphasis on direct impact of countries characteristics on leverage. By analyzing 10 developing countries, [Booth, et al., 2001] found that capital structure in such countries are affected similarly as in developed countries but with a difference in the way leverage is affected by country-specific factors like GDP growth and capital market development...
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ANALYSIS ON CAPITAL STRUCTURE, DIVIDEND POLICY & WORKING CAPITAL REQUIREMENTS OF
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