Does Investing in Employees Affect Firm Debt Levels?

Qiu, Xiaodong; Largay III, James A.
August 2011
Academy of Management Perspectives;Aug2011, Vol. 25 Issue 3, p76
Academic Journal
A review is presented of the article "Employee treatment and firm leverage: A test of the stakeholder theory of capital structure," by Kee-Hong Bae, Jun-Koo Kang and Jin Wang, published in a 2011 issue of "Journal of Financial Economics."


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