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Please refer to the paper entitled The Effect of Debt Market Imperfection on Capital Structure and Investment: Evidence from the 2008 Global Financial Crisis in
- Please refer to the paper entitled The Effect of Debt Market Imperfection on Capital Structure and Investment: Evidence from the 2008 Global Financial Crisis in Japan, by Hiromichi Iwaki (2019). Based on your understanding of the article, answer the following questions.
- What is the main purpose or objective of the study? Please explain clearly.
- Describe the statistical method/s that was/were used in the empirical analysis.
- Explain the following:
- What type of organisations were used in the sample for observations?
- What is the size of the sample used in the study?
- State three (3) control variables used in the estimating the effect of credit crunch impact on debt.
- What is the main conclusion that was found from the study? Explain in your own words.
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