By applying the Differential Generalized Method of Moment (DGMM) to the 2009–2014 data about 107 companies listed on Ho Chi Minh city Stock Exchange (HOSE), we show that financial leverage has a positive effect on the level of investment, and this effect is stronger in high growth companies.
CITATION STYLE
Nga, D. Q., Dien, P. M., Linh, N. T. C., & Tuoi, N. T. H. (2019). Impact of leverage on firm investment: Evidence from gmm approach. Studies in Computational Intelligence, 809, 282–295. https://doi.org/10.1007/978-3-030-04200-4_22
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