The impact of economic downturn on firms was analyzed using data from 1992. Results indicate that more highly leveraged firms are more vulnerable to economic distress.
leverage, capital structure
The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Cox Business School. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact email@example.com.