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Understanding corporate debt from the oil market perspective

We design and test the hypothesis that for energy firms' oil market activities impact capital structure. Using a unique sample of 726 energy firms from 56 countries, we find that oil market activities do influence capital structure. The speed of adjustment (SOA) to leverage when not exposed to...

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Detalles Bibliográficos
Autores principales: Narayan, Paresh Kumar, Nasiri, Maryam Akbari
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7502032/
https://www.ncbi.nlm.nih.gov/pubmed/32981989
http://dx.doi.org/10.1016/j.eneco.2020.104946