Abstract
The main idea of this paper is to provide empirical evidence of firm vulnerability in Indonesia around the 1997 financial crisis. For capturing the effect of crisis on firm vulnerability, this paper includes country, industrial sector and firm specific factors influencing capital structure choices of Indonesian firms. Afterwards, relation of capital structure and firm performance is examined for gaining better explanation of the impact of the financing policies on firm performance. Accordingly, this paper takes into account the impact of macroeconomic shocks or business cycle effect on firm healthiness in where capital structure choices play pivotal role in the mechanism.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
