Does the relation between information quality and capital structure vary with cross-country institutional differences?

• المؤلفون الرئيسيون: CHEN, Jeff Zeyun, Chee Yeow LIM, LOBO, Gerald J.
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2016
• الموضوعات: capital structure; financial leverage; information quality; investor protection; bank-oriented economy; market-oriented economy; Accounting; Corporate Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1563; https://ink.library.smu.edu.sg/context/soa_research/article/2590/viewcontent/RelationBetweenInformationQualityCapitalStructure_2016_jiar_afv.pdf

Prior research based on U.S. data finds that firms with better information quality raise more equity whereas firms with poorer information quality prefer to issue debt when they seek external financing. Little is known about whether the same conclusion holds outside the U.S. and how the country-leve...