... and Flannery (2012) also find that better access to financial markets is associated with faster adjustments. Culture Agency costs Leverage Speed of adjustment F3 G3 G4 This study focuses on how national culture affects a key component of capital management: debt management. The trade...

... only Experiment Underpricing Financing Signaling Asymmetric information C9 G3 A series of experimental studies by Cadsby et al. (1990, 1993, 1998) have tested different variants of signals, such as decision to undertake an investment project as a signal (1990 study...