EFA 2004 Maastricht Meetings (Archive)最新文献

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Evidence on Behavioral Biases in Trading Activity 交易活动中的行为偏差证据
EFA 2004 Maastricht Meetings (Archive) Pub Date : 2003-12-17 DOI: 10.2139/ssrn.479983
Laura Frieder
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引用次数: 27
Debt and Entrenchment: Evidence from Thailand and Indonesia 债务和堑壕:来自泰国和印度尼西亚的证据
EFA 2004 Maastricht Meetings (Archive) Pub Date : 2003-09-15 DOI: 10.2139/ssrn.478302
Pramuan Bunkanwanicha, J. Gupta, R. Rokhim
{"title":"Debt and Entrenchment: Evidence from Thailand and Indonesia","authors":"Pramuan Bunkanwanicha, J. Gupta, R. Rokhim","doi":"10.2139/ssrn.478302","DOIUrl":"https://doi.org/10.2139/ssrn.478302","url":null,"abstract":"This paper examines the relation between debt and corporate governance in emerging market economies. We use firm-level panel data of listed companies from Thailand and Indonesia to analyze the firm's corporate financing behaviors in connection with its corporate governance arrangements. Our results show that the debt structure is linked to the corporate governance. We find that weaker corporate governance firms, in particular measured by the entrenchment effects, tend to have a higher debt level. The evidence is relatively stronger during the crisis period. Our results also shed light on the importance of the country-specific institutional settings that would affect the empirical results.","PeriodicalId":411978,"journal":{"name":"EFA 2004 Maastricht Meetings (Archive)","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2003-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133709177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 68
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