Market Competition and Zero-Leverage Policies
Research indicates that increased product market competition leads firms, particularly those with high earnings volatility, to adopt zero-leverage policies, emphasizing the impact of earnings volatility on capital structure decisions.
Featured in No. 85 on 19 Feb 2025 · on release day
- Released
- 19 Feb 2025
- First featured
- No. 85 · 19 Feb 2025
- Published in
- Not yet, as far as Semantic Scholar knows
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- Identifier
- RePEc:gam:jjrfmx:v:18:y:2025:i:2:p:73-:d:1582023
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