Debt and entrenchment: Evidence from Thailand and Indonesia

This paper examines the relation between debt and corporate governance in emerging market economies. We use ...rm-level panel data of listed companies from Thailand and Indonesia to analyze the ...rm's corporate ...nancing behaviors in connection with its corporate governance arrangements. Our results show that the debt structure is linked to the corporate governance. We ...nd that weaker corporate governance ...rms, in particular measured by the entrenchment e

• Type: Journal
• Year: 2008
• Where: EOR
• Authors: Pramuan Bunkanwanicha, Jyoti Gupta, Rofikoh Rokhim
• Keywords: Corporate Governance, Corporate Governance Arrangements, EOR 2008, Weaker Corporate Governance