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Question
According to Rajan and Zingales study, debt ratios of individual companies depend on:
I) Size: Large firms have higher debt ratios.
II) Tangible assets: Firms with high ratios of fixed assets to total assets have higher debt ratios.
III) Profitability: More profitable firms have lower debt ratios.
IV) Market to book: Firms with higher ratios of market-to-book value have lower debt ratios.
V) Market structure: Firms with monopoly power have higher debt ratios.
A. I and II only
B. I, II and III only
C. I, II, III and IV only
D. I, II, III, IV and V
Answer
This answer is hidden. It contains 12 characters.
Related questions
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