Local corruption and capital structure

Quoc Trung Tran, Van Phong Nguyen, Duong Huy Chuong Dang, Ba Phong Nguyen, Phuong Linh Le

Finance Research Letters（2023）

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摘要

•This paper examines how local corruption affects capital structure.•Local corruption is positively related to capital structure.•Local corruption is negatively related to capital structure adjustment speed.•State ownership reduces the positive effect of local corruption on debt ratio.

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关键词

local corruption,capital structure

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