Impact of institutional quality on the capital structure of firms in developing countries
This paper investigates the effects of institutional quality on firms' capital structure for a panel of 3891 firms from 23 developing countries. Our main findings for the full panel show institutional quality has a significantly positive effect on firms' capital structure. At the regional...
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| Format: | Article |
| Language: | English |
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Elsevier BV
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/80164/1/Impact%20of%20institutional%20quality%20on%20the%20capital%20structure%20of%20firms%20in%20developing%20countries.pdf |