Employee mobility constraints and debt choice

Mong Shan Ee and He Huang

Economics Letters, 2024, vol. 234, issue C

Abstract: Using Inevitable Disclosure Doctrine adoptions as the exogeneous shocks, we find that firms gravitate towards bank debt financing following an increase in employee mobility constraints. Information asymmetry is the channel driving this effect.

Keywords: Employee mobility; Inevitable disclosure doctrine; Debt choice (search for similar items in EconPapers)
JEL-codes: G32 J60 O34 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s0165176523004937

DOI: 10.1016/j.econlet.2023.111467

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