A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms

In this paper we examine the following two hypotheses which traditional theories of capital structure are relatively silent about: (i) the determinants of financial leverage decisions are different for micro, small, medium and large firms; and (ii) the factors that determine whether or not a firm is...

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Bibliographic Details
Main Author: Ramalho, Joaquim J.S. (author)
Other Authors: Vidigal da Silva, Jacinto (author)
Format: workingPaper
Language:eng
Published: 2013
Subjects:
capital structure
financial leverage
zero leverage
micro firms
SMEs
fractional data
two-part model
Online Access:http://hdl.handle.net/10174/8436
Country:Portugal
Oai:oai:dspace.uevora.pt:10174/8436

Internet

http://hdl.handle.net/10174/8436

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