Asymmetric Information and Agency Cost of Financial Leverage and Corporate Investments: Evidence from Emerging South-East European Countries

Asymmetric Information and Agency Cost of Financial Leverage and Corporate Investments: Evidence from Emerging South-East European Countries

In this paper, we investigated the impact of financial leverage on investment decisions on a sample of 811 firms from ten emerging South-Eastern European countries (Bosnia and Herzegovina, Bulgaria, Montenegro, Croatia, Greece, Romania, North Macedonia, Slovenia, Serbia and Turkey). We apply a panel...

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Bibliographic Details
Main Authors: Aleksandar Naumoski, Sasho Arsov, Violeta Cvetkoska
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2022-06-01
Series:Scientific Annals of Economics and Business
Subjects:
leverage
investments
emerging markets
asymmetric information
agency problem
Online Access:http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1424

Internet

http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1424

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