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The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds

✍ Scribed by Christopher F. Baum; Mustafa Caglayan; Neslihan Ozkan

Book ID
116422160
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
206 KB
Volume
102
Category
Article
ISSN
0165-1765

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## Abstract We investigate the relationship between a firm's measures of corporate governance, macroeconomic uncertainty and changes in leverage. Recent research highlights the role of governance in financing decisions. Previous research also indicates that macroeconomic uncertainty affects a firm'