Debt conservatism and debt-equity choices: Evidence from reits' unused debt capacity
Purpose - In this paper, we complement the literature on underleveraged phenomenon by examining how firms adjust towards or away from their debt capacity when issuing or repurchasing securities.Controlling for factors known to affect firms’ debt-equity choice, findings of equity issues by firms wit...
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| Format: | Conference or Workshop Item |
| Language: | English |
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2017
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| Online Access: | https://repo.uum.edu.my/id/eprint/24577/1/SICONSEM%202017%20138%20139.pdf |