Ownership, Capital Structure and Financing Decision: Evidence from the UK
(2015)
Journal Article
Sun, J., Ding, L., Guo, M., & Li, Y. (2016). Ownership, Capital Structure and Financing Decision: Evidence from the UK. The British Accounting Review, 48(4), 448-463. https://doi.org/10.1016/j.bar.2015.04.001
This paper examines whether and to what degree agency conflicts in ownership structure affect firm leverage ratios and external financing decisions, using a universal sample of UK firms from 1998 to 2012. We use two distinctive measures to capture ow... Read More about Ownership, Capital Structure and Financing Decision: Evidence from the UK.