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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Bibliographic Details
Main Authors: Fraser, Donald R., Zhang, Hao, Derashid, Chek
Format: Article
Language:English
Published: Elsevier B.V 2005
Subjects:
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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