Capital Structure in Developing Countries

L. Booth, V.A. Asli Demirgu-Kunt and Vojislav Maksimovic
Authors registered in the RePEc Author Service: Asli Demirguc-Kunt

Rotman School of Management - Finance from Rotman School of Management, University of Toronto

Abstract: This study uses a new date set to assess whether capital structure theory is portable across countries with different institutional framework. We analyze capital structure choices of firms in 10 developing countries, and provide evidence that these decisions are affected by the same variables as in developed countries.

Keywords: CAPITAL MARKET; DEVELOPING COUNTRIES (search for similar items in EconPapers)
JEL-codes: D20 D21 D92 O16 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1999
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Citations: View citations in EconPapers (80)

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Journal Article: Capital Structures in Developing Countries (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:rotfin:00-001

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