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Cited by 2,334

The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.

Capital Structures in Developing Countries

Booth, Laurence, Aivazian, Varouj, Demirguc‐Kunt, Asli, Maksimovic, Vojislav·2001·The Journal of Finance
DOI 10.1111/0022-1082.00320
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Abstract

This study uses a new data set to assess whether capital structure theory is portable across countries with different institutional structures. We analyze capital structure choices of firms in 10 developing countries, and provide evidence that these decisions are affected by the same variables as in developed countries. However, there are persistent differences across countries, indicating that specific country factors are at work. Our findings suggest that although some of the insights from modern finance theory are portable across countries, much remains to be done to understand the impact of different institutional features on capital structure choices.

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Metadata

Authors
Booth, L., Aivazian, V., Demirguc‐Kunt, A., & Maksimovic, V.
Venue
The Journal of Finance
Publisher
Wiley
Published
2001-02
Volume
56
Issue
1
Pages
87-130
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00320
OpenAlex
W2143437037
Cited by
2,334
References
8
FWCI
139.47
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Capital Structures in Developing Countries. https://app.cochat.ai/papers/10.1111/0022-1082.00320
The paper
Booth, L., Aivazian, V., Demirguc‐Kunt, A., & Maksimovic, V. (2001). Capital Structures in Developing Countries. The Journal of Finance. https://doi.org/10.1111/0022-1082.00320

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.