Browsing Documentos Indexados pela Scielo by Title "Capital structure and staff salary: empirical evidence in Brazil"

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Estrutura de capital e remuneração dos funcionários: evidência empírica no Brasil

Choi, Duk Young; Saito, Richard; Silva, Vinicius Augusto Brunassi
2015-04-01

This paper analyzes whether the higher the company's financial leverage, the higher the salaries demanded by staff for the embedded financial distress risk. By applying Berk, Stanton and Zechner's (2010) model, we use a2SLS ...