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Keywords: Zero leverage
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Journal Articles
Journal of Economic Studies (2019) 46 (5): 1028–1051.
Published: 29 August 2019
...Sijia Zhang; Andros Gregoriou Purpose The purpose of this paper is to examine stock market reactions and liquidity effects following the first bank loan announcement of zero-leverage firms. Design/methodology/approach The authors use an event studies methodology in both a univariate...

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