The Mystery of Zero-Leverage Firms
收藏NBER2012-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17946
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资源简介：
This paper documents the puzzling evidence that a substantial number of large public non-financial US firms follow a zero-debt policy. Over the 1962-2009 period, on average 10.2% of such firms have zero debt and almost 22% have less than 5% book leverage ratio. Neither industry nor size can account
提供机构：
美国国家经济研究局
创建时间：
2012-03-01
