WORKS IN PROGRESS
- Capital Structure: A Canadian Perspective (with University of Toronto Professor Varouj Aivazian and University of Toronto Ph.D Candidate Yiming Xu)
This paper looks at the difference in capital structure of firms in Quebec and firms outside of Quebec that are in Canada. We argue that the differences are due to the fact that Quebec is under the civil law whereas the Rest of Canada is under the Common Law. This work extends the previous work of Laporta et al.(1998). Also, we look at the effect of the Financial Crisis of 2007-2008 on Canadian firms.