Plausibly Exogenous [868] - London (06/05/2022)
LHS Variable
Loan costs
RHS Variable
Whether a firm is public or private
Source of Exogenous Variation
Distance of a firm's headquarters to London's capital markets as a plausibly exogenous variation in corporate structure (i.e., public/private) choice
- Saunders and Steffen (2011), “The Costs of Being Private: Evidence from the Loan Market”