Narrow search
Showing 1 - 3 of 3
Cover Image
Evaluating the Magnitude of Financial Market Frictions: Evidence from Firm-Level Data
Levin, Andrew; Natalucci, Fabio - Econometric Society - 2004
directly links firm-specific balance sheet variables to credit spreads on publicly-traded debt. The estimated leverage …. We then use the observed data on financial leverage, spreads, and market-based measures of default risk to solve for key …
Persistent link: https://www.econbiz.de/10005702619
Cover Image
The Determinants of Capital Structure: Evidence from an Economy without Stock Market
Munyo, Ignacio - Econometric Society - 2004
This paper analyzes the determinants of the sources of funding for the firms of an economy without stock market. Once the available and relevant financial sources for a Uruguayan firm are defined, their determinants are analyzed through cross section econometric models. The analysis casts out...
Persistent link: https://www.econbiz.de/10005328921