Political uncertainty and the choice of debt sources
| Author | Ben-Nasr, Hamdi |
| Author | Bouslimi, Lobna |
| Author | Ebrahim, M. Shahid |
| Author | Zhong, Rui |
| Available date | 2023-01-18T08:39:01Z |
| Publication Date | 2020 |
| Publication Name | Journal of International Financial Markets, Institutions and Money |
| Resource | Scopus |
| Abstract | This paper studies the effect of political uncertainty on the choice of debt sources. We find a positive relationship between political uncertainty stemming from elections and the proportion of bank loans over total debts, especially when elections are closely contested. Furthermore, this relationship is stronger in opaque firms and more financially constrained firms as well as firms from countries with weaker shareholder rights, labor protection, creditor rights and national governance. 2019 Elsevier B.V. |
| Sponsor | Hamdi Ben-Nasr acknowledges the financial support from Qatar University, QUUG-CBE-DFE-17/18-6. Rui Zhong acknowledge research grant from National Natural Science Foundation of China (NNSFC, Project No.71501197). Boyd and Prescott, 1986 J. Boyd E. Prescott |
| Language | en |
| Publisher | Elsevier |
| Subject | Bank debt National election Political uncertainty Public debt |
| Type | Article |
| Volume Number | 64 |
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