Capital structure and political patronage: The case of Malaysia
This paper extends prior work on the links between political patronage and capital structure in developing economies.Three proxies of political patronage are developed and applied to a group of Malaysian firms over a 10-year period.We find a positive and significant link between leverage and each of...
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Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Elsevier B.V
2005
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Online Access: | http://repo.uum.edu.my/10658/1/D.pdf http://repo.uum.edu.my/10658/ http://dx.doi.org/10.1016/j.jbankfin.2005.05.008 |
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