Towo, Nathaniel; Mori, Neema; Ishengoma, Esther - In: Cogent Business & Management 6 (2019), pp. 1-17
investigate the effe of financial leverage on MFCs' labor productivity. The paper applies fixed effect regression models on panel … financial leverage has a negative effect on labor productivity. The findings revealed that an increase in financial leverage … results in lower labor productivity, which could be due to underinvestment because of the debt overhang problem, higher …