Does the institutional framework affect the relationship between debt financing and firm performance in emerging countries?
Küçük Resim Yok
Tarih
2021
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge Journals, Taylor & Francis Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper investigates the impact of debt financing on firm performance and how this relationship is affected by the institutional framework in 14 emerging countries. The results show a negative relationship between debt financing and firm performance. However, this negative relationship is reversed in countries with better credit market regulations and more efficient legal systems.
Açıklama
Anahtar Kelimeler
Debt Financing, Firm Performance, İnstitutional Framework, Emerging Countries, Corporate Performance, Agency Costs
Kaynak
Applied Economics Letters
WoS Q Değeri
Q3
Scopus Q Değeri
Q2
Cilt
28
Sayı
10
