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Contribution to Book
Empirical Determinants of Corporate Debt Decisions: Some Evidence for Italy
Financial Markets' Liberalisation and the Role of Banks (1993)
  • Leo Bonato
  • Riccardo Faini
  • Marco Ratti
Abstract
The purpose of this chapter is to provide a detailed account of the determinants of corporate debt choice for Italian firms. The economteric results show a large role for cash flow considerations and for fiscal effects. More generally, significant differences in firms' bahvior according to size and location are clearly detected. We argue that the behavior of the stock market may have exerted a significant but opposite impact, depending on the firm's size, on the decision to borrow.
Disciplines
Publication Date
1993
Editor
Vittorio Conti and Rony Hamaui
Publisher
Cambridge University Press
ISBN
0521419824
Citation Information
Leo Bonato, Riccardo Faini and Marco Ratti. "Empirical Determinants of Corporate Debt Decisions: Some Evidence for Italy" CambridgeFinancial Markets' Liberalisation and the Role of Banks (1993)
Available at: http://works.bepress.com/leo_bonato/10/