Non-linearity in debt and return relationship: evidence from dynamic panel threshold method
Background and objective: Moderate debt usage increases returns during economic boom, but high debt could decreases returns during economic recession. This study examines if there is a threshold debt level in the debt-returns relationship. Methodology: This study applies dynamic panel-threshold meth...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Network for Scientific Information
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/53393/1/Non-linearity%20in%20debt%20and%20return%20relationship.pdf |