Back to Search Start Over

Financial leverage and firm efficiency: the mediating role of cash holding

Authors :
Zhen Wu
Jiqiang Tang
Haifeng Guo
Tenkir Seifu Legesse
Source :
Applied Economics. 53:2108-2124
Publication Year :
2020
Publisher :
Informa UK Limited, 2020.

Abstract

Agency cost theory suggests that a firm’s financial leverage is important to improve organizational efficiency. Using data of industrial companies of three biggest economies, this study analyzes ho...

Subjects

Subjects :
Economics and Econometrics
050208 finance
Organizational efficiency
Cash
media_common.quotation_subject
0502 economics and business
05 social sciences
Agency cost
Economics
Financial system
050207 economics
media_common

Details

ISSN :
14664283 and 00036846
Volume :
53
Database :
OpenAIRE
Journal :
Applied Economics
Accession number :
edsair.doi...........ae3d455266971dd58ee453f177165dcc
Full Text :
https://doi.org/10.1080/00036846.2020.1855317
Full Text Access
View/download PDF

Tools

Authors Abstract Subjects Details