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Uncertainty by Dr Abdul Rashid is a document available to read on EtoBox.
This paper investigates the impact of uncertainty on leverage decisions of UK energy firms using data from 1981 to 2009. It finds that both firm-specific and macroeconomic uncertainties negatively affect leverage, with profitability playing a significant role in this relationship. The study highlights the importance of stable macroeconomic conditions for the capital structure of energy firms, which influences their investment and production stability.
- Author
- Dr Abdul Rashid
- Language
- EN