Business, Management and Accounting
4 years ago

Global firms' financing decisions show surprising similarities, challenging existing theories.

1 view
The Journal of Finance
What Do We Know about Capital Structure? Some Evidence from International Data
Raghuram G. Rajan, Luigi Zingales

Paper Summary

The article explores why companies in different countries choose how much debt to use for their financing. The researchers looked at data from big countries like the US and found that the factors influencing debt decisions are similar across these countries. However, the reasons behind these similarities are still not fully understood.

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