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Sheila makes two comments regarding the impact of country-specific factors on companies' capital structure. Comment 5: Companies in countries with high degree of information asymmetry
Sheila makes two comments regarding the impact of country-specific factors on companies' capital structure. Comment 5: "Companies in countries with high degree of information asymmetry tend to have a lower debt-to-equity ratio." Comment 6: "Companies in countries with larger institutional investors in their markets tend to use longer-term debt. Are Sheila's comments about the impact of country-specific factors on companies' capital structure correct? AYes for Comment 5 and Comment 6 B Yes for Comment 5 and No for Comment 6 C No for Comment 5 and Yes for Comment 6
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