Non-linearity in debt and return relationship: evidence from dynamic panel threshold method

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Non-linearity in debt and return relationship: evidence from dynamic panel threshold method

Background and objective: Moderate debt usage increases returns during economic boom, but high debt could decreases returns during economic recession. This study examines if there is a threshold debt level in the debt-returns relationship. Methodology: This study applies dynamic panel-threshold meth...

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Bibliographic Details
Main Authors:	Matemilola, Bolaji Tunde, Amin Noordin, Bany Ariffin, Wan Ngah, Wan Azman Saini, Md Nasir, Annuar
Format:	Article
Language:	English
Published:	Asian Network for Scientific Information 2016
Online Access:	http://psasir.upm.edu.my/id/eprint/53393/ http://psasir.upm.edu.my/id/eprint/53393/1/Non-linearity%20in%20debt%20and%20return%20relationship.pdf

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