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- W1567752995 abstract "We investigate whether trade liberalization affects profitability and financial leverage, using Canadian data from the period following implementation of the Canada-U.S. Free Trade Agreement. We find that falling domestic tariffs are associated with declining profits and increasing leverage for import-competing firms, while falling foreign tariffs are associated with increasing profits and decreasing leverage for firms in export-oriented industries. This pattern is consistent with the pecking order theory of capital structure." @default.
- W1567752995 created "2016-06-24" @default.
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- W1567752995 date "2005-01-01" @default.
- W1567752995 modified "2023-09-28" @default.
- W1567752995 title "Trade Liberalization, Profitability, and Financial Leverage" @default.
- W1567752995 hasPublicationYear "2005" @default.
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