Is the zero-leverage policy a persistent phenomenon? Evidence from Portuguese SMEs
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DOI: 10.1016/j.ribaf.2024.102271
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More about this item
Keywords
Persistence; SMEs; “true” state dependence; Spurious state dependence; Zero-leverage;All these keywords.
JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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