Advanced search
Publication Cover
Applied Economics Letters Volume 28, 2021 - Issue 16
Submit an article Journal homepage
340
Views
1
CrossRef citations to date
0
Altmetric
Research Article

Is political risk a driver of listed SMEs leverage?

Theofanis Papageorgioua Department of Business Administration, University of Patras, Pátrai, GreeceORCID Iconhttps://orcid.org/0000-0002-8893-7628
ORCID Icon,
Georgios Savvakisb Department of Economics, National and Kapodistrian University of Athens, Athens, GreeceCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0003-1977-7947
ORCID Icon &
Dimitris Kenourgiosc Department of Economics, UoA Center of Financial Studies, National and Kapodistrian University of Athens, Athens, GreeceORCID Iconhttps://orcid.org/0000-0003-2676-2524
ORCID Icon
Pages 1382-1385 | Published online: 11 Sep 2020

References

  • Akhtar, S. 2017. “Capital Structure of Multinational and Domestic Corporations-a Cross-country Comparison.” Accounting and Finance 57: 319–349. doi:10.1111/acfi.12135.
  • Braga-Alves, M. V. 2018. “Political Risk and the Equity Trading Costs of Cross-listed Firms.” Quarterly Review of Economics and Finance 69: 232–244. doi:10.1016/j.qref.2018.03.004.
  • Cashman, G. D., D. M. Harrison, and M. J. Seiler. 2016. “Capital Structure and Political Risk in Asia-Pacific Real Estate Markets.” Journal of Real Estate Finance and Economics 53: 115–140. doi:10.1007/s11146-013-9436-x.
  • Chen, H., H. Liao, B. J. Tang, and Y. M. Wei. 2016. “Impacts of OPEC’s Political Risk on the International Crude Oil Prices: An Empirical Analysis Based on the SVAR Models.” Energy Economics 57: 42–49. doi:10.1016/j.eneco.2016.04.018.
  • Çolak, G., A. Gungoraydinoglu, and O. Oztekin. 2018. “Global Leverage Adjustments, Uncertainty, and Country Institutional Strength.” Journal of Financial Intermediation 35 (Part A): 41–56. doi:10.1016/j.jfi.2018.01.010.
  • Desai, M. A., C. F. Foley, and J. R. Hines. 2004. “A Multinational Perspective on Capital Structure Choice and Internal Capital Markets.” Journal of Finance 59 (6): 2451–2487. doi:10.1111/j.1540-6261.2004.00706.x.
  • Desai, M. A., P. A. Gompers, and J. Lerner. 2005. “Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe.” NBER Working Paper Series, June.
  • Kenourgios, D., G. A. Savvakis, and T. Papageorgiou. 2019. “The Capital Structure Dynamics of European Listed SMEs.” Journal of Small Business & Entrepreneurship 1–18. doi:10.1080/08276331.2019.1603946.
  • Kesternich, I., and M. Schnitzer. 2010. “Who Is Afraid of Political Risk? Multinational Firms and Their Choice of Capital Structure.” Journal of International Economics 2 (2): 208–218. doi:10.1016/j.jinteco.2010.07.005.
  • Koralun-Bereźnicka, J. 2017. “Firm Size and Debt Maturity as Indirect Determinants of Capital Structure: Evidence Form European Panel Data.” Applied Economics Letters. doi:10.1080/13504851.2017.1420869.
  • Pesaran, M. H., and O. Zhou. 2018. “Estimation of Time-invariant Effects in Static Panel Data Model.” Econometrics Reviews 37 (10): 1137–1171. doi:10.1080/07474938.2016.1222225.
  • Savvakis, G. A., D. Kenourgios, and T. Papageorgiou. 2020. “To EMU or Not to EMU: Can TFP “Provoke” the Capital Structure Puzzle of SMEs?” International Journal of Finance & Economics 1–17. doi:10.1002/ijfe.1923.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.