Does the external environment matter for the persistence of firms' debt policy?
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DOI: 10.1016/j.frl.2018.12.021
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More about this item
Keywords
Initial debt policy; Persistence; Environmental uncertainty; Financial crisis;All these keywords.
JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
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