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How does banking market power affect bank opacity? Evidence from analysts' forecasts
Whilst the ongoing banking regulatory reforms towards a comprehensive Basel III framework emphasise bank transparency, disclosure and a competitive banking market environment, very little is known about the empirical ...
The financing behaviour of firms and financial crisis
Purpose – The purpose of this paper is to contribute to the capital structure literature by examining the determinants of capital structure from the context of South Africa and to provide evidence of the effects of the ...
Information Asymmetry, Leverage and Firm Value. Do crisis and growth matter?
Drawing on pecking order and agency cost theories, we assess the extent to which information asymmetry is an important determinant of firm value and the extent to which this relationship is conditional on the leverage level ...