The determinants of corporate debt ownership structure: Evidence from market‐based and bank‐based economies
(2008)
Journal Article
Antoniou, A., Guney, Y., & Paudyal, K. (2008). The determinants of corporate debt ownership structure: Evidence from market‐based and bank‐based economies. Managerial Finance, 34(12), 821-847. https://doi.org/10.1108/03074350810915806
Purpose
This paper aims to investigate the determinants of choice between private and public debt for British and German listed companies.
Design/methodology/approach
The paper is based on three strands of theories: the “liquidation and renegoti...
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