Black Spots’ in Capital Structure Studies: The Case of Non-Existing Debt
نویسندگان
چکیده
منابع مشابه
‘BlaCk spoTs’ In CapITal sTRuCTuRe sTuDIes: The Case of non-exIsTIng DeBT
This study focuses on what can be characterized as “black spots” in the existing studies the selection issue, which is manifested in the fact that a nontrivial number of companies occasionally do not have any debt on their balance sheet. The problem of zero debt is akin to truncated and censored regression models, which are useful when the dependent variable is observed in some ranges but not i...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438
سال: 2015
ISSN: 2073-0438
DOI: 10.17323/j.jcfr.2073-0438.9.2.2015.5-23