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Financial Crises and Capital Structure Decisions: Empirical Evidence from Emerging Markets

Bülent Aybar et al.

Journal of Asia Pacific Business2023https://doi.org/10.1080/10599231.2023.2197395article
AJG 1ABDC C
Weight
0.50

What the paper says

This study analyzes emerging market firms’ capital structure decisions. We select the reference as 2007–2008 financial crisis and study the temporal behavior. We investigate if EM firms differ in decisions of issuing debt and equity and if their responses to the global financial crisis are explicable with the existing theories. Our findings suggest that the crisis behavior of EM firms is not fully conformable with the extant theories. Their debt and equity reversals are antithetical, that is in the reverse direction from the last extreme point, driving a pattern to stagger between substantial debt issues followed by equity expansions.

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https://doi.org/https://doi.org/10.1080/10599231.2023.2197395

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@article{bülent2023,
  title        = {{Financial Crises and Capital Structure Decisions: Empirical Evidence from Emerging Markets}},
  author       = {Bülent Aybar et al.},
  journal      = {Journal of Asia Pacific Business},
  year         = {2023},
  doi          = {https://doi.org/https://doi.org/10.1080/10599231.2023.2197395},
}

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Financial Crises and Capital Structure Decisions: Empirical Evidence from Emerging Markets

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.38 × 0.4 = 0.15
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.