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Keywords: Leverage heterogeneity
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2024) 50 (9): 1622–1640.
Published: 21 June 2024
... determinants suggests that manufacturing firms are highly tangible. In contrast, service sector firms are high-growth firms and recorded a higher SOA (12.01%) than manufacturing (9.09%). Second, analyzing the leverage heterogeneity, we found that SOA varies across the sub-sectors. For manufacturing, food...
