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Authors:
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James Ang
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Daniel Lawson
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Rebel Cole
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| Description: |
This study examines the extent to which individual demographic characteristics of owners influence capital structure desisions. Using the Federal Reserve's 2003 Survey of Small Business Finances, we estimate the joint effects of traditional capital structure determinants and manager age, gender, education, business experience, sophistication, and wealth on the capital structure of single-owner corporations. By calculating the marginal contribution of personal risk tolerance, we demonstrate that owner preference contributes meaningfully to the explained variation in capital structure decisions. |
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| More information about this material: |
Primary Audience:
College Upper Division,
Graduate School,
Professional
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
unsure
Source Code Available:
unsure
Accessiblity Information Available:
unsure
Copyright:
unsure
Creative Commons:
unsure
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About this material: |
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Learning Exercises (none)
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