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RePEcDerivatives & Volatility

Market Competition and Zero-Leverage Policies

Research indicates that increased product market competition leads firms, particularly those with high earnings volatility, to adopt zero-leverage policies, emphasizing the impact of earnings volatility on capital structure decisions.

Featured in No. 85 on 19 Feb 2025 · on release day

Released
19 Feb 2025
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No. 85 · 19 Feb 2025
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Identifier
RePEc:gam:jjrfmx:v:18:y:2025:i:2:p:73-:d:1582023

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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