Does geography matter in a geographically small and culturally homogeneous country? Firm location and corporate credit risk

Tsung-Kang Chen*

*此作品的通信作者

研究成果: Article同行評審

7 引文 斯高帕斯(Scopus)

摘要

This study explores whether or not the geography characteristics of a firm's headquarters location affect the firm's credit risk in a geographically small and culturally homogeneous country by employing firm location data in Taiwan from the year 2005 to 2011. Empirical results of this study show that rural firms have higher credit risk than urban firms. In addition, the firm location effect is mainly through the channels of incomplete information and financial leverage. Moreover, the study also finds that a firm's market-debt financing distance is positively associated with its credit risk while the firm's banking-debt financing distance has insignificant effect.

原文English
頁(從 - 到)323-348
頁數26
期刊International Review of Economics and Finance
44
DOIs
出版狀態Published - 1 7月 2016

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