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Combatting debt bias in South African firms: The case for an allowance for corporate equity
Kari, Seppo; Khoza, Londiwe; Manjezi, Nangamso; McNabb, Kyle
WIDER Working Paper : 2019/10 (UNU-WIDER, 03 / 2019)The problem of debt bias can be tackled through either disincentivizing the use of debt financing or incentivizing the use of equity financing. Considering the South African context—in which many firms are highly leveraged ...