Impact of institutional quality on the capital structure of firms in developing countries

This paper investigates the effects of institutional quality on firms' capital structure for a panel of 3891 firms from 23 developing countries. Our main findings for the full panel show institutional quality has a significantly positive effect on firms' capital structure. At the regional...

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Bibliographic Details
Published in:Emerging markets review 2019-06, Vol.39, p.175-209
Main Authors: Matemilola, Bolaji Tunde, Bany-Ariffin, A.N., Azman-Saini, W.N.W., Nassir, Annuar Md
Format: Article
Language:English
Subjects:
Capital structure
Debt
Institutional factors
International evidence
System GMM
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