Por favor, use este identificador para citar o enlazar este ítem:
http://hdl.handle.net/11531/79968
Título : | The phenomenon of zero-leverage policy: Literature review |
Autor : | Saona Hoffmann, Paolo Rodrigo Muro, Laura Gregoriou, Andros |
Fecha de publicación : | 1-oct-2023 |
Resumen : | - One of the most puzzling, stylized facts in modern corporate finance is that many companies worldwide persistently follow a zero-debt or almost-zero-debt policy. This paper reviews the literature on this puzzling policy. We survey articles published in the Web of Science and the SCOPUS databases since the zero-debt policy was first formally discussed in 1990 when zerolevered companies started to emerge. Our literature review provides unique conceptual and methodological knowledge contributions, by critically analyzing prior works and paving the way for the advancement of new paradigms. It traces the evolution of knowledge in the field of capital structure by establishing connections among various literature works, creating a cohesive and integrated understanding of the zero-debt puzzle. It offers insights from different perspectives presented in each study, thereby enhancing comprehension. Moreover, it critically questions existing theories’ adequacy in explaining the reasons behind a significant number of global corporations opting to avoid debt. |
Descripción : | Artículos en revistas |
URI : | https://doi.org/10.1016/j.ribaf.2023.102012 |
ISSN : | 0275-5319 |
Aparece en las colecciones: | Artículos |
Ficheros en este ítem:
Fichero | Tamaño | Formato | |
---|---|---|---|
202375101520797_saona50 (1).pdf | 822,84 kB | Adobe PDF | Visualizar/Abrir Request a copy |
Los ítems de DSpace están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.