Generalized trust, personalized trust, and dynamics of capital structure: Evidence from China
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DOI: 10.1016/j.chieco.2021.101640
Abstract: Abstract This paper investigates the impact of social trust on a firm's adjustment speed toward an optimal capital structure. Leveraging the availability of generalized trust and personalized trust metrics in China, we find that, as… read more here.
Keywords: personalized trust; generalized trust; trust; capital structure ... See more keywords